TRUCK TAX

Information for Trucker in North Carolina

IFTA - International Fuel Tax Agreement

IFTA is the International Fuel Tax Agreement and is a tax collection agreement by and among the 48 contiguous States and the 10 Canadian Provinces bordering the US, in which motor fuels use taxation laws are uniform with respect to qualified motor vehicles operated in more than one member jurisdiction.

Should I register for IFTA in my state?

A qualified motor vehicle is a motor vehicle used, designed, or maintained for transportation of persons or property having:
  • Two axles and a gross vehicle weight or registered gross vehicle weight exceeding 26,000 pounds or 11,797 kilograms; or
  • Having three or more axles regardless of weight; or
  • Is used in combination, when the weight of such combination exceeds 26,000 pounds, or 11,797 kilograms gross vehicle or registered gross vehicle weight.

    Qualified Motor Vehicle does not include recreational vehicles unless they are used in conjunction with any business endeavor. Recreational vehicles are vehicles such as motor homes, pickup trucks with attached campers and buses when used exclusively for personal pleasure by an individual.

Prepare your IFTA Quarterly Fuel Tax Report with ExpressIFTA is the fastest, most secure, and error-free way to generate your IFTA report with no manual tax calculations needed.

How do I apply for an IFTA license?

You will need to complete application form MV:IFTA-1 and submit it. This can be done online.

What fees must I pay under IFTA?

There is no fee for North Carolina IFTA Application or decals.

What credentials will I receive?

One IFTA license and a set of decals will be assigned to each IFTA licensee. A photocopy of the license must be maintained in the cab of each motor vehicle. The original license issued by the bureau should be retained at your business address. The IFTA license is valid for the calendar year January 1 through December 31.

Do I file a quarterly fuel tax report if I didn't run during the quarter?

Yes, a quarterly fuel tax return must be filed even if the no fuel was used. You submit a "zero" report.



What is the penalty and interest rate for filing a late quarterly fuel tax report?

Failure to file a return, filing a late return, or failure to remit any or all tax due will result in a penalty of $50.00 or 10% of the net tax due to all member jurisdictions, whichever is great. Interest is computed on all delinquent taxes dues each jurisdiction at a rate of .4167% per month. Even if you have a net refund, interest still applies to each jurisdiction for any underpayment of fuels use tax to that jurisdiction and is calculated beginning the day after the due date of the return for each month, or fraction of a month, until paid.

How do I obtain a return?

Beginning with the 9/30/12 IFTA return that is due to be filed in October 2012, all IFTA returns will be required to be filed electronically.

Where can I get more information?


www.dor.state.nc.us/downloads/ifta.html

 



Fuel/Use Tax

States assess fuel and use taxes based on weight, miles traveled and amount of fuel purchased. Returns are to be filed annually, quarterly or monthly based on the type of return.

 

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HVUT

HVUT is the Heavy Vehicle Use Tax that is a fee assessed annually on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds.

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ExpressTruckTax

IRS Form 2290

ExpressIFTA

IFTA Reporting Online