The federal government and most states have enacted fuel tax breaks for transportation and other fuel consuming companies for various uses of gasoline, diesel, and other common fuels. For federal purposes, taxpayers may be eligible for refunds of tax paid on gallons of certain fuels used in vehicles and equipment off-road, such as in farm equipment, compressors, generators, and bulldozers. Many states offer a wider range of refund opportunities than the federal government, extending exemptions to vehicles licensed for on-road use, such as cement mixers and garbage trucks.
Transportation Industry Case Study
|Total Exempt Gallons||100,000 ||100,000|
|Refundable Tax Per Gallon||$0.243||$0.20|
|Fuel Tax Refund (One Year)||$24,300||$20,000|
|Statute of Limitations||3 Years||1 Year|
|Total Benefit of Jurisdiction||$73,200||$20,000|
Who Can Benefit?
Examples of Qualifying Vehicles & Equipment
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