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Simply stated, IFTA works as a "pay now or pay later" system. As commercial motor vehicles buy fuel, any fuel taxes paid are credited to that licensee's account. At the end of the fiscal quarter, the licensee completes a fuel tax report, listing all miles traveled in all participating jurisdictions and lists all gallons purchased.
The first US state to tax fuel was Oregon, introduced on February 25, 1919. [4] It was a 1¢/gal tax. [5] In the following decade, all of the US states (48 at the time), along with the District of Columbia, introduced a gasoline tax. By 1939, many states levied an average fuel tax of 3.8¢/gal (1¢/L).
Instead, the General Assembly itself levied the tax increases—a statewide sales and use tax increase to 4.8%, a statewide increase in motor vehicle registration fees by $15, as well as, for the first time since 1986, a change in the statewide gas tax to be 3.5% of the price of a gallon of gas instead of a flat 17.5 cents per gallon. [7]
Kansas’ fuel tax receipts aren’t in decline, but revenues have started to plateau in recent years, reaching a high of $466.38 million in 2022 before ticking down to $465.69 million last year ...
Fleet mileage will be included in the new plan and the FMCSA will study sharing information with the International Registration Plan (IRP) and International Fuel Tax Agreement (IFTA) organizations with consideration of incentives for voluntary mileage updates.
(Reuters) -Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in ...
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