These are always changing at the state . They have not changed at the Federal level in almost two decades. No one wants higher fuel taxes. Right now the fleet fueling costs for these products are almost choking companies.
Is your company taking full advantage of off highway use fuel taxes. These vary by Federal tax and by state to state but it can be a considerable amount of money that your company might be giving away. When it comes to diesel fuel, there are tax credits for fuel being used in refrigerated trucks to keep product cold or warm. Fueling credit for PTO’s on your trucks for a number of different applications. Again, it depends on the state if you can get these credits or not. Sometimes instead of having to pay the actual fuel tax, you might have to pay the state sales tax instead and depending on diesel fuel prices and state sales tax compared to fuel tax, you might be better off not claiming the tax and filling out the paperwork.
If you have not reviewed your possible fuel tax reduction lately, I encourage you to take a look at it. If you need help on these pesty off highway diesel fuel credits or gas credit reach out to us and we will see if we can help you.
Gain instant access to the ebook!