The state tax rate on aviation fuel will remain at $0.0427 per gallon. Use them with discretion and be prepared to make adjustments, especially once fuel tax rates are finalized by the end of every IFTA quarter. † FOR FOOTNOTES CONCERNING EACH OF THESE TAX RATES, GO TO WWW.IFTACH.ORG AND CLICK ON TAX RATES. Some of the important elements you should remember when filing quarterly IFTA taxes are: … The State of Florida is a member of the International Fuel Tax Agreement (IFTA). Arizona (AZ) 0.2600. If the tax rate is lower, you'll owe taxes. Florida (FL) 0.3387. California (CA) 0.4000. N/C No Change K (Electricity) N (Hydrogen) Jurisdiction /9 On July 1, 2021, SC tax will increase to 26 cents; MT will increase to 32.5 cents (g) 29.55 cents (d); and VA tax will increase to 26.2 cents (g) 27 cents (d). The formulas above skip certain aspects of IFTA tax reporting. Arkansas (AR) 0.2250. IFTA-105.1 * Surcharge ** Period rate change is effective IFTA-105.1 (12/20) Page 3 of 4 Use or 4th uarter 2020 only. It’s worth noting that you’ll also need to pay SUTA taxes (thanks to the State Unemployment Tax Act) for your employees as well. See the current motor fuel tax rates for your state as of April 2020. Diesel subject to a 13% sales tax. Georgia (GA) 0.2940. On top of excise taxes many states also apply fees and other taxes including environmental fees, inspection fees, load fees, clean up fees along with LUST taxes, license taxes, and petroleum taxes. Colorado (CO) 0.2050. The system will count these amounts to determine whether you are owed a refund or have a tax payment due. The penalty for failing to file a return, late filing a return, or fail to remit tax due is $50.00 or 10% of the net tax due to all states. This $7,000 is known as the taxable wage base. Connecticut (CT) 0.4170. Effective January 1, 2020, the Florida statewide tax rates on motor fuel (gasoline) will increase to $0.183 per gallon and the statewide tax rates on undyed diesel will increase to $0.183 per gallon. Read through this page to explore everything related to the State of Florida’s registration and renewal process of IFTA. Interest at a rate of 1% per month is computed on all delinquent tax dues for each jurisdiction. 2020 IFTA-400 Q2 -- 2nd Quarter 2020 Fuel Tax Rates (MCRT/IFTA) 2020 IFTA-400 Q1 -- 1st Quarter 2020 Fuel Tax Rates (MCRT/IFTA) 2019 IFTA-400 Q4 -- 4th Quarter 2019 Fuel Tax Rates (MCRT/IFTA) ... Diesel Tax Rate (DI) Alabama (AL) 0.1900. The FUTA tax applies to the first $7,000 in wages you pay an employee throughout the calendar year. Florida IFTA State Tax Overview - Updated October 05, 2020 - 8.00 AM - Admin, Trucklogics. Florida Department of Revenue, 2020 Fuel Tax Rates, Page 1 Revised 2020 (as of January 8, 2020) Florida Fuel Tax, Collection Allowance, Refund, and Pollutants Tax Rates Page Exhibit Description of Exhibit 2 A Rate Changes for 2020 2 B 2020 State Taxes, … Delaware (DE) 0.2200. If you have a tax payment due, you can pay your taxes online. Title: Quarterly Fuel Tax Rates are available from iftach.org Created Date: 3/4/2021 11:27:05 AM Select the quarter and year to search our database for the current and historical IFTA diesel tax rates. Small vehicles are subject to 18 cent tax rate. What is the penalty and interest rate for filing a late quarterly fuel tax report? For 2020, the FUTA tax rate is projected to be 6%, per the IRS. If the tax rate in a jurisdiction is higher than the fuel tax in your base jurisdiction, you'll have a credit. /8 Diesel rate specified is the fuel use tax rate on large trucks. 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