IFTA

IFTA is the International Fuel Tax Agreement.

Through the IFTA, member jurisdictions act cooperatively to administer and collect motor fuel use taxes.

SD
SOLU LLC.

Solutions
11
  • Have two axles and a gross vehicle weight (GVW) or registered GVW exceeding 26,000 pounds; or
  • Have three or more axles, regardless of weight; or
  • Are used in combination with a trailer, for a combined GVW or registered GVW in excess of 26,000 pounds.

IFTA CREDENTIALS

  • For each calendar year, Florida will issue an IFTA license and a set of two IFTA decals per qualified vehicle. Copies of the original IFTA license must be maintained in each vehicle (the original may be kept with the carrier’s records).
  • The IFTA decals must be affixed to the outside of each vehicle.
  • These credentials will allow operation of the qualified vehicles in all other IFTA jurisdictions, without the need to obtain additional licenses or decals from those jurisdictions.
  • There is no fee for the annual IFTA license. IFTA decals are $4.00 per set (pair).

IFTA LICENSE TERMS

An IFTA license (and accompanying decals) are valid for the calendar year January 1 through December 31. However, for purposes of reporting motor fuel taxes, the license year is divided into four reporting periods (tax quarters)

FUEL TAXES

 

Commercial trucking operations hold permits that dictate a specified tax rate on motor fuel, and their payouts are recorded so that the taxable total can be calculated and adjusted (money owed or money credited) on a quarterly basis. .

SD
SOLU LLC.

Solutions
11
  • Failure to file an IFTA return results in a penalty of $50 or 10% of the total tax due, whichever is higher. Your license may be suspended if you don’t file within 30 days after the quarterly deadline. Late or incomplete filings can also impact IRP and IFTA renewals.
  • You’ll need to keep your information for at least 4 years from the due date or date of being filed, whichever is later, by retaining all of your trip records/logs, fuel receipts, and filings.

DUE DATES

No Operations: A quarterly tax return must be filed, even if the licensee did not operate or purchase taxable fuel in any IFTA member jurisdiction during a particular quarter. In such cases, the licensee will check the “No Operations” box on the return. Please note: If a tax return indicates there was no travel outside of Florida or that this is the third consecutive quarter of filing under No Operations, the IFTA account will be placed in a suspended status, which affects the licensee’s ability to renew the IFTA account for the next license year.