Common Contracts
1 similar Publication 536 International Fuel Tax Agreement (Ifta) contracts
Publication 536 International Fuel Tax Agreement (IFTA)Publication 536 International Fuel Tax Agreement (Ifta) • May 5th, 2020
Introduction IFTA New York State is a participating member of the International Fuel Tax Agreement (IFTA). IFTA, which is in effect in most states and Canadian provinces, simplifies the reporting of fuel use taxes by allowing a motor carrier to report to a single base jurisdiction all the fuel use taxes that it owes to the various IFTA member jurisdictions. Under IFTA, a carrier needs only a single IFTA license for all its qualified motor vehicles. In addition, the carrier must obtain two IFTA decals for each qualified motor vehicle. The carrier must obtain both the license and the decals from the carrier’s base jurisdiction. The license and decals will allow those vehicles to travel in all IFTA member jurisdictions. The carrier files only one tax return each quarter with its base jurisdiction to report and pay all fuel use taxes due to the member jurisdictions in which it operates. The base jurisdiction is then responsible for remitting the taxes due the other jurisdictions. In most
