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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 law authorizes the Oregon Department of Transportation (ODOT) to set up a mileage collection system for 5,000 volunteer motorists beginning July 1, 2015. [18] ODOT may assess a charge of 1.5 cents per mile for up to 5,000 volunteer cars and light commercial vehicles and issue a gas tax refund to those participants. [3]
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.
Angelina Jolie appeared on The Tonight Show Starring Jimmy Fallon to promote her movie Maria, during which the host noticed she wasn't wearing shoes. The actress explained she recently broke her ...
Celebs heading down the aisle: Rebel Wilson and Ramona Agruma marry in Italy Reeve's father Christopher, who was left paralyzed after a 1995 horse riding accident, died in 2004 at age 52. The news ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
The holidays are here, and the booze is flowing. From wine at Thanksgiving dinner to the steady stream of eggnog and festive cocktails at holiday parties to toasting the new year with a glass of ...
In many jurisdictions such as the United States and the European Union, commercial aviation fuel is tax free. Other fuels such as gases, or solid fuels such as coal, may also be taxed. In countries with a sales tax or a value added tax, these taxes may also be levied on top of fuel taxes.
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