Fuel tax

FEDERAL BUDGET: Renewed focus on housing and infrastructure the right move, but no clear help for cities

Retrieved on: 
Friday, April 8, 2022
Budget, Housing, Federal, City, Canada Infrastructure Bank, Government, Learning, Fuel tax, Industry, GLOBE, COVID, Federation, Construction, Renewable energy

Cities needed to see more concrete and dedicated funding to directly help them address these pressures.

Key Points: 
  • Cities needed to see more concrete and dedicated funding to directly help them address these pressures.
  • RCCAO is pleased to see the Federal governments focus on housing and acknowledgement that every order of government has a role to play in facilitating additional housing supply.
  • The fulsome suite of proposed housing policies is a step in the right direction for addressing a critical need of many Canadians shut out by the housing crisis.
  • It has commissioned 60 independent, solutions-based research reports to help inform decision makers.

FuelCred Now Saves Businesses Up To 40% On Fuel - No Gas Card Needed

Retrieved on: 
Thursday, October 8, 2020
Articles, Petroleum products, Ecotax, Tax, Tax accounting, Tax refund, Fuel tax, Online shopping, Economy

LEXINGTON, Ky., Oct. 8, 2020 /PRNewswire-PRWeb/ --FuelCred, the #1 fuel tax refund app for small businesses, announces the release of its free "Find Cheap Fuel" feature with "FuelCred Prices".

Key Points: 
  • LEXINGTON, Ky., Oct. 8, 2020 /PRNewswire-PRWeb/ --FuelCred, the #1 fuel tax refund app for small businesses, announces the release of its free "Find Cheap Fuel" feature with "FuelCred Prices".
  • The "FuelCred Price" is often up to 40% cheaper than retail and is FuelCred's recommendation of the best fuel option based on a specific job site or location.
  • "FuelCred users are currently projected to receive a fuel tax refund of about $600 on average," said Joe Chan, Head of Technology for FuelCred.
  • The "Find Cheap Fuel" and "FuelCred Price" features are the latest innovations from FuelCred - a trailblazing technology which remains the only available app to help small businesses obtain fuel tax refunds.

Road Construction Sees Drop in Funding from Fuel Taxes due to COVID-19 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, June 3, 2020
Other Construction & Property, Construction & Property, Transport, Other Transport, Transport, Car costs, Transport economics, Toll road, Toll bridge, Fuel tax

This has affected revenues from toll bridges and fuel taxes which are an important source of funding for road improvement and maintenance projects.

Key Points: 
  • This has affected revenues from toll bridges and fuel taxes which are an important source of funding for road improvement and maintenance projects.
  • Several US states are facing a serious loss in funding for their Departments of Transport (DOTs) as a result.
  • Despite the loss in funding, some states have taken advantage of the lower numbers of road users to accelerate planned road improvement projects.
  • To see the full article and a list of related reports on the market, visit "Road Construction Sees Drop in Funding from Fuel Taxes due to COVID-19" .

Omnitracs Announces More Robust Tax Management Solution, Omnitracs Tax Manager

Retrieved on: 
Tuesday, February 18, 2020
Software, Supply chain management, Accounting, Professional services, Fleet management, Data management, Technology, Automotive, Retail, Trucking, Transport, Logistics, Supply chain management, Corporate taxation in the United States, International Fuel Tax Agreement, Taxation in Canada, Taxation in the United States, Trucking industry in the United States, Ecotax, Tax, Limited liability company, Fuel tax, Economy, Transport, Articles

Omnitracs, LLC , the global pioneer of fleet management solutions to transportation and logistics companies, today announced the release of Omnitracs Tax Manager, their most comprehensive and intuitive International Fuel Tax Agreement (IFTA) and highway tax management tool to date.

Key Points: 
  • Omnitracs, LLC , the global pioneer of fleet management solutions to transportation and logistics companies, today announced the release of Omnitracs Tax Manager, their most comprehensive and intuitive International Fuel Tax Agreement (IFTA) and highway tax management tool to date.
  • Omnitracs Tax Manager uses the latest in artificial intelligence from the Omnitracs One platform to provide an easier and more user-friendly tax management experience for the trucking industry.
  • Omnitracs Tax Manager creates the ability to take in mileage from a telematics device and fuel data then automatically file for all states and jurisdictions, streamlining the tax reporting process for fleets.
  • The current list of available state mileage tax includes NY HUT, KY HUT, OR Weight-Mile Tax, and New Mexico Highway Tax.

ProMiles Restructures as Automated Fuel Tax Reporting Business Continues Growth

Retrieved on: 
Thursday, January 16, 2020
Transport, Land transport, Commercial vehicles, Trucking industry in the United States, Motor vehicles, Hours of service, Road transport, Trucks, Electronic logging device, Fuel tax

Mr. Markham has been instrumental to ProMiles' efforts to serve our many commercial clients, motor carriers, and service providers.

Key Points: 
  • Mr. Markham has been instrumental to ProMiles' efforts to serve our many commercial clients, motor carriers, and service providers.
  • Mr. Stroncheck added, "While ProMiles started automating fuel tax reporting back in the late 1990's, the Electronic logging devices (ELD) mandate has greatly contributed to the adaptation of automation services.
  • For many years ProMiles Software has provided solutions for routing, mapping and fuel tax reporting to the North American Trucking Industry.
  • Auditors in 53 of 58 IFTA jurisdictions use ProMiles when validating distance, HOS (Hours of Service), driving time and more.

Clean Energy Applauds Passage of Alternative Fuel Tax Credit by Congress

Retrieved on: 
Friday, December 20, 2019
Oil, Gas, Alternative energy, Energy, Public policy, Government, Other Policy Issues, Energy, Articles, Green vehicles, Energy economics, Biofuel in the United States, Alternative fuel, Fuels, Fuel tax, United States biofuel policies, United States hydrogen policy

Clean Energy Fuels Corp. (NASDAQ: CLNE ) applauds the passage by the U.S. Congress of an alternative fuel tax credit which will continue to support the use of natural gas, a clean and affordable domestic transportation fuel option.

Key Points: 
  • Clean Energy Fuels Corp. (NASDAQ: CLNE ) applauds the passage by the U.S. Congress of an alternative fuel tax credit which will continue to support the use of natural gas, a clean and affordable domestic transportation fuel option.
  • This tax credit will support the continued expansion of natural gas fueling in the U.S., which will help to clean our air, address long-term climate issues and keep dollars here, said Andrew J. Littlefair, president and CEO of Clean Energy.
  • The legislation includes the Alternative Fuels Tax Credit, which extends the $0.50 per gallon fuel credit/payment for the use of natural gas as a transportation fuel, and the Alternative Fuel Vehicle Refueling Property Credit, which extends the 30 percent/$30,000 investment tax credit for alternative vehicle refueling property.
  • Clean Energy sells Redeem RNG fuel and believes it is the cleanest transportation fuel commercially available, reducing greenhouse gas emissions by at least 70%.

FuelCred Releases Pioneering App To Help Small Businesses Save on Fuel Costs

Retrieved on: 
Wednesday, November 6, 2019
Energy economics, Transport economics, Ecotax, Articles, Fuel tax, Tax credit, Fuel efficiency, Transport, Nature

Farmers, landscapers, and other small businesses can now save about $.20/gallon on fuel used in mowers, tractors, generators, etc., regardless of whether they owe any other tax to the federal government.

Key Points: 
  • Farmers, landscapers, and other small businesses can now save about $.20/gallon on fuel used in mowers, tractors, generators, etc., regardless of whether they owe any other tax to the federal government.
  • "FuelCred automates tracking of off-road fuel use, applies the correct tax treatment using IRS rules, and generates form 4136, the form the IRS requires to apply for fuel tax credits," said Joe Chan, Head of Technology for FuelCred.
  • For many small farmers or landscapers the fuel tax credit can amount to hundreds or even thousands of dollars."
  • The federal tax credit for diesel fuel is $.243 per gallon and the federal tax credit for gasoline is $.183 per gallon.

Taxation of road fuels

Retrieved on: 
Monday, October 21, 2019
Petroleum products, Excise, Energy, Economy, Tax, Value-added tax, Ecotax, Ultra-low-sulfur diesel, Inflation in the United Kingdom, Politics of the United Kingdom, Fuel protests in the United Kingdom, Fuel tax

This note discusses the approach of Labour, Coalition and Conservative Governments since 2010 to taxing road fuels.

Key Points: 
  • This note discusses the approach of Labour, Coalition and Conservative Governments since 2010 to taxing road fuels.
  • Figures for the tax take since 1990, as well as duty rates over this period, are given in a statistical appendix.
  • The two main categories of road fuel ultra-low sulphur petrol and ultra-low sulphur diesel are charged duty at 57.95p per litre.
  • [2] A commitment to increase the rates of excise duty in real terms each year is often termed a duty escalator.
  • Over the period 1993-1999 Conservative and Labour governments operated such a policy.
  • By January 1999 tax on both petrol and diesel represented 85% of the final pump price.
  • Over the 1990s, despite regular peaks and troughs, the trend in oil prices was a sustained long-term increase, and by the end of the decade government policy toward taxing road fuels had become highly unpopular.
  • In 1999 the Labour Government suspended the duty escalator, and over the next nine years it increased road fuel duties sporadically, often deferring or cancelling proposed changes in duty rates when oil prices were relatively high.
  • Excise duties are harmonised across the EU, and there is dispensation for individual countries to obtain approval to set differential duty rates.
  • [10] It is estimated that the scheme benefits around 125,000 people living in the UKs most rural communities.
  • [14] Despite the Exchequer cost, this approach to taxing road fuels appears to have cross-party support, and none of the three major parties made any proposals to increase fuel duties in either the 2015 or 2017 General Elections.
  • Provision to amend the scope of the scheme was made by Order (SI 2015/550).

MEDIA ALERT: What Fuels Gas Taxes?

Retrieved on: 
Tuesday, August 6, 2019
Oil, Gas, Other Professional Services, Energy, Legal, Finance, Accounting, Other Automotive, Other Consumer, Professional services, Automotive, Consumer, Ecotax, Tax, Economy, Articles, Fuel tax, Tax rate, Carbon tax, Taxation in Oklahoma

No state raised gas taxes between 2010 to 2012, when the cost of gasoline was rising to some of its highest levels in history.

Key Points: 
  • No state raised gas taxes between 2010 to 2012, when the cost of gasoline was rising to some of its highest levels in history.
  • The White House has also indicated a willingness to consider a gas tax increase to help fund an infrastructure bill
    Why: How should gas taxes influence your summer driving plans?
  • Gas tax rates are not the only variable in determining the price of gas at the pump in a particular state.
  • States are also taking a variety of approaches to increase the gas tax, often building in provisions to make adjustments in the gas tax in the future without further legislative action.

NATSO Applauds Proposal to Increase Federal Motor Fuels Tax

Retrieved on: 
Wednesday, May 22, 2019
Petroleum products, Ecotax, Energy economics, Fuel tax, Chemical substances, Transport economics, Excise, Taxation in the United States, Articles, Gasoline, Fuel taxes in the United States, Highway Trust Fund

ALEXANDRIA, Va., May 22, 2019 /PRNewswire/ --NATSO, the national association representing truckstops and travel plazas, today applauded a proposal by Representative Earl Blumenauer (D-Ore.) to raise the federal motor fuels tax and index it to inflation.

Key Points: 
  • ALEXANDRIA, Va., May 22, 2019 /PRNewswire/ --NATSO, the national association representing truckstops and travel plazas, today applauded a proposal by Representative Earl Blumenauer (D-Ore.) to raise the federal motor fuels tax and index it to inflation.
  • Rep. Blumenauer's proposal would increase the federal excise tax on gasoline and diesel fuel five cents a year for the next five years.
  • After 2023, the federal gasoline tax would increase to 43.3 cents per gallon and the federal diesel tax would increase to 49.3 cents per gallon.
  • NATSO has long held that increasing the motor fuels tax represents the most efficient means of increasing critical infrastructure revenues.