Fuel prices/ IFTA

Discussion in 'Ask An Owner Operator' started by Tobytob, Mar 29, 2014.

  1. double yellow

    double yellow Road Train Member

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    Can you deduct PTO gallons from your IFTA? I mean those gallons weren't burned on the highway...
     
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  3. Sly Fox

    Sly Fox Road Train Member

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    So, your rebuttal is an example of the exact opposite of what you were defending in the first place. Of course, we all would fuel in Illinois as well if the Illinois pre-tax price were cheaper.

    What you were arguing was that you'd fuel in Illinois even if the pre-tax price was higher.

    You've changed your tune and are now acting like you knew it all along.

    ipogsd is right. Your 'second nature' isn't working. If your overriding concern is your IFTA statement at the end of the quarter, or end of year, then you're not caring about the one true cost you can control, pre-tax diesel price. But, if you want to send more money to the big oil companies, I guess that's your right.
     
    Last edited: Apr 5, 2014
  4. saddleup

    saddleup Light Load Member

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    aren't ya forgetting the reason they ask for your DOT number in Indiana is you are not paying tax, because commercial fuel is tax exempt.
     
  5. Sly Fox

    Sly Fox Road Train Member

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    You're not tax-exempt. It's taxed at a different rate.

    Do you even read your IFTA form? 16cpg is the tax in the first column, number of gallons purchased is multiplied by that. There's no place in the form to 'exempt' tax from those gallons. If they were purchased in Indiana, then you paid the tax.
     
  6. skateboardman

    skateboardman Road Train Member

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    I think he is talking about the 11 cents addl tax
     
  7. BridgettAnn

    BridgettAnn Light Load Member

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    Okay... so I realize that this is a very old thread but I read through it and couldn't help but coming to the conclusion that the bottom line is that best way to buy fuel is (besides in Indiana) to subtract the fuel tax from the pump price for each state you are considering making a purchase in and then buying the one that is calculated to be the cheapest? Correct? I can't wrap by brain around any of the other theories here. Bottom line... whether you get a refund or a bill to pay on the IFTA, you are going to pay each states tax rate for the number of gallons that you burned in each respective state. Period. Correct? So a theory of purposely purchasing in high tax states so that you won't "owe" at the end of the quarter makes no sense because it is possible that the price in that state after tax is actually much higher as well, after tax, than a neighboring lower fuel tax state. On the other hand, purchasing fuel in areas that have the lowest pump price without considering the tax rate makes no sense either. As you may end up, for example getting your pumped fuel 8 cents cheaper than across the state line, where as the state across the line, where fuel is 8 cents more a gallon might have had 15 more cents going toward fuel tax than the state with the cheaper pump price. Which would have actually been a savings of 7 cents a gallon in the higher pump price state. Can anyone who really knows about fuel tax please put a rubber stamp of yae or nae on this for me? I want to be sure I didn't miss something significant in this thread. :)
     
  8. double yellow

    double yellow Road Train Member

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    If you are the one paying for IFTA, yes -- and that goes for Indiana too.

    If you are leased to a carrier that pays for IFTA, then you fuel at the lowest pump price.
     
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  9. fortycalglock

    fortycalglock Road Train Member

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    BridgettAnn Thanks this.
  10. ipogsd

    ipogsd Heavy Load Member

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    Ding,Ding,Ding, we have a winner!
     
    BridgettAnn Thanks this.
  11. BridgettAnn

    BridgettAnn Light Load Member

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    Okay.. I had to pull this post because I realized there was too much mis-information in it. I will come back and post it with accurate details. It involved states that have the "surcharge", IN, KY and VA.
     
    Last edited: Jul 19, 2015
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