What is the International Fuel Tax Agreement and how does this impact my trucking start-up business?
The International Fuel Tax Agreement is an agreement among all states (except Alaska and Hawaii), and with certain Canadian provinces. It simplifies the trucking companies’ quarterly reports and allows the use of a single set of decals and permit applications in connection with the payment of fuel taxes. It does not apply to all vehicles. For additional information see www.dot.wisconsin.gov/business/carriers/ifta.htm. Return to top • What is the Heavy Highway Vehicle Use Tax? Do I need to be concerned with any filings prior to starting my trucking business? The Heavy Highway Vehicle Use Tax generally applies to highway motor vehicles having a taxable gross weight of 55,000 pounds or more, but certain vehicles may be excluded. If a company is subject to the tax, it must file a Form 2290, Heavy Vehicle Use Tax Return. The tax form is not due until after the company begins to use the covered vehicle. For additional information, visit www.omeda.org/fastfacts/0230.htm. To obtain the Heavy H
