Provisions in the Inflation Reduction Act are the topics for this week’s Motor Fuels Tax Minute. Join our hosts for an overview of the newly enacted non-refundable income tax credit for biofuel production.
For information or assistance, contact us. We are here to help…
Provisions in the Inflation Reduction Act are the topics for this week’s Motor Fuels Tax Minute. Join our hosts for an overview of the new credit for sustainable aviation fuel.
For information or assistance, contact us. We are here to help.
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Provisions in the Inflation Reduction Act are the topics for this week’s Motor Fuels Tax Minute. Join our hosts for an overview related to biodiesel, renewable diesel and alternative fuels.
For information or assistance, contact us. We are here to help.
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Changes to special rule for September's federal excise tax deposits is the topic for this week’s Motor Fuels Tax Minute. Join our hosts for an overview of the processing times and due dates.
For information or assistance, contact us. We are here to help.
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Changes to the Internal Revenue Manual is the topic for this week’s Motor Fuels Tax Minute. Join our hosts for an overview of the processing times for the Form 637 registration.
For information or assistance, contact us. We are here to help.
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The IRS has issued guidance to taxpayers regarding claiming the alternative fuel tax credits for the first three quarters of 2022.
IRS Notice 2022-39 provides as follows:
Alternative Fuel Credit. A one-time claim must be made on IRS Form 8849, Schedule 3. Taxpayers must file…
We continue to discuss the Inflation Reduction Act this week. Join our MFT team for an overview of the fuel tax provisions, specifically, the reinstatement of the hazardous Superfund financing fee.
For information or assistance, contact us. We are here to help.
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Pennsylvania (PA) enacted H.B. 1342, which includes corporate and personal tax changes. The bill reduces the corporate net income tax (CNIT) rate over nine years from 9.99 percent to 4.99 percent. The rates for these years are:
9.99 percent for tax years from January 1, 1995, to December 31…
The Inflation Reduction Act is the topic for this week’s Motor Fuels Tax Minute. Join our hosts for an overview of the new legislation and its impact on the fuel taxes and credits.
For information or assistance, contact us. We are here to help.
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The Inflation Reduction Act of 2022, which President Biden signed into law on August 16, 2022, reinstates Superfund excise taxes on crude oil and imported petroleum products for the first time since 1995. The changes are effective from January 1, 2023 to December 31, 2032.
Superfund Excise…
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