New York IFTA for Truckers & Carriers - 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 cases, the base jurisdiction will do a single audit for all member jurisdictions.

The 48 contiguous United States and all the provinces of Canada are participating member jurisdictions.

Alaska, Hawaii, the District of Columbia, and the Northwest, Yukon, and Nunavut Territories are not IFTA member jurisdictions.

If an IFTA-licensed carrier has a qualified motor vehicle(s) that travels outside the IFTA member jurisdiction, the carrier must continue to follow any procedures and file any fuel use tax returns required by the laws and regulations of that jurisdiction.

Participation in IFTA does not relieve a carrier of any obligation or liability for other vehicle-related requirements imposed by member jurisdictions.


Source: New York State Department of Taxation and Finance (NYS DTF)

Course: https://salestaxsolutions2000.com/new-york-ifta-truckers-carriers