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Motor Fuels Tax Minute, Episode 13

Motor Fuels Tax Minute, Episode 13

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.

 

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Motor Fuels Tax Minute, Episode 12

Motor Fuels Tax Minute, Episode 12

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.

 

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Motor Fuels Tax Minute, Episode 11

Motor Fuels Tax Minute, Episode 11

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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Motor Fuels Tax Minute, Episode 10

Motor Fuels Tax Minute, Episode 10

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.

 

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Motor Fuels Tax Minute, Episode 9

Motor Fuels Tax Minute, Episode 9

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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Motor Fuels Tax Minute, Episode 8

Motor Fuels Tax Minute, Episode 8

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.

 

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Pennsylvania Tax Cuts

Pennsylvania Tax Cuts

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…

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Motor Fuels Tax Minute, Episode 7

Motor Fuels Tax Minute, Episode 7

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.

©2022

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Budget Bill Reinstates Superfund Taxes on Oil and Petroleum Products

Budget Bill Reinstates Superfund Taxes on Oil and Petroleum Products

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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