Fuel tax regulations are a big headache for truckers. If you’re a trucker operating across state lines in America, you’ve likely heard of the International Fuel Tax Agreement. But do you know what it is? Let us help you understand and comply with IFTA regulations, ensuring smooth operations for your business.
The IFTA is an agreement between 48 U.S. states and 10 Canadian provinces. The IFTA simplifies the reporting and payment of fuel taxes for motor carriers traveling through multiple jurisdictions. It allows truckers to use a single fuel tax license, streamlining the process of reporting and paying fuel taxes.
Your vehicle qualifies if it:
- Has two axles and a GVW of over 26,000 pounds
- Has three or more axles, regardless of weight
- Has a combination GVW of over 26,000 pounds
It’s important to note that RVs, school buses, and vehicles that only operate within Illinois are usually exempt if that’s relevant to you.
Once you have your permit and IFTA Decals, you must file quarterly fuel tax reports. This involves keeping track of all fuel purchases and usage across different jurisdictions. Missing a filing deadline can result in penalties, so it’s crucial to stay on top of your reports
However, compliance doesn’t stop there! At Plates and Permits Trucking Services, we take the hassle out of IFTA compliance. Our services include tracking invoices, vehicle maintenance, dispatches, IFTA permit renewals, and license plates in Illinois.
We also offer fuel tax reporting, making it easy to file your quarterly reports on time. Whether you’re an independent driver or run a fleet, we’re here to help you comply with the trucking authority in Illinois. Get started with our professional services today and make fuel tax reporting a breeze! Contact us now.