The International Fuel Tax Agreement (IFTA) streamlines fuel tax reporting for commercial motor carriers operating in multiple U.S. states and Canadian provinces. Under IFTA, carriers report fuel taxes to their base jurisdiction, which then distributes the taxes to the appropriate regions based on miles traveled and fuel consumed.
As of the latest update, Ohio's motor fuel tax rates are:
- Diesel and Other Fuel Types:Â $0.47 per gallon
- Gasoline:Â $0.385 per gallon
- Compressed Natural Gas (CNG): $0.47 per gallon
These rates are subject to change; carriers should be updated by the Ohio Department of Taxation or the IFTA for the most current information.
TruckX offers comprehensive fleet management solutions that simplify IFTA compliance. Our platform provides real-time GPS tracking, automated mileage recording, and fuel purchase data integration, ensuring accurate and efficient IFTA reporting. By leveraging TruckX’s technology, carriers can reduce administrative burdens, minimize errors, and ensure timely compliance with IFTA requirements.
Staying informed about current tax rates and maintaining precise records are essential for IFTA compliance. Utilizing advanced fleet management solutions by TruckX can significantly enhance operational efficiency and regulatory adherence.
