As of March 1, 2021, six states have changed fuel tax rates to grow additional revenue for maintaining or funding road and construction projects and help reverse losses caused by vehicle fuel-efficiency at the pump.
This means fleet IFTA diesel fuel taxes have changed in the following states:
- Florida
- Georgia
- Illinois
- Michigan
- Nebraska
- New York
- Utah
The International Fuel Tax Agreement (IFTA) is a program organized to collect and distribute fuel tax revenue between states and provinces based on where the fuel was used.
Trucks heavier than 26,000 lbs that operate interstate must purchase trip by trip fuel permits or operators must have an IFTA account set up that allows the carrier to report and pay fuel taxes owed quarterly.
Setting up an IFTA account requires the carrier to keep detailed records of travel and file quarterly fuel tax reports. In addition, a few states require a mileage tax account either in lieu of or in addition to the IFTA Fuel Tax account.
Below is a summary of the fuel tax rate changes in these states.
- Florida: The diesel and gas tax rate increased .3 cents per gallon.
- Georgia: The diesel tax rate increased .9 cents per gallon and gas tax rate increased .8 cents per gallon.
- Illinois: The diesel tax rate increased 5 cents per gallon and gas tax rate increased 3 cents per gallon.
- Michigan: The diesel tax rate increased 2.9 cents per gallon and gas tax rate increased 2.3 cents per gallon.
- Nebraska: The diesel and gas tax rate decreased 4.5 cents per gallon.
- New York: The diesel tax rate decreased 1 cent per gallon and gas tax rate decreased .8 cents per gallon.
- Utah: The diesel and gas tax rate increased .3 cents per gallon.
When are your IFTA taxes due?
- 1st quarter (January to March) — April 30
- 2nd quarter (April to June) — July 31
- 3rd quarter (July to September) — October 31
- 4th quarter (October to December) — January 31
Do you need assistance with your International Fuel Tax Reporting (IFTA)?
Managing IFTA requirements can be challenging. Between tracking receipts, managing mileage logs, matching fuel to taxes, chasing drivers and filing with the jurisdictions, it is easy to see why many companies search out solutions for the complicated process.
Let CNS, a full-service tax provider, manage the entire process for you. Our fuel tax specialists will work with you to collect your data, ensure your fuel and mileage match, prepare your filings, and even file the paperwork for you directly.
