NEW YORK TRUCKSTOP

Subscribe to Our Newsletter

The online community for the New York Metro area trucking industry. Subscribe to our newsletter.

  • Home
  • About
  • Blog
  • Resources
  • Contact Us
You are here: Home / New York State / New York Fuel Tax Holiday Effective June 1, 2022

New York Fuel Tax Holiday Effective June 1, 2022

May 23, 2022 By New York Truckstop Leave a Comment

FacebooktwitterpinterestlinkedinmailFacebooktwitterpinterestlinkedinmail

Beginning on June 1, 2022 and continuing through December 1, 2022, the excise tax, prepaid sales tax, and state sales and use taxes on motor fuel and highway diesel fuel will be suspended in New York.

The NYS Department of Taxation and Finance issued a notice providing guidance on how this will impact distributors, wholesalers and retail sellers. The notice also provided guidance on International Fuel Tax Agreement (IFTA) filings.

As it relates to IFTA, motor carriers will continue to file Form IFTA-100, IFTA Quarterly Fuel Use Tax Return and Form IFTA-101, IFTA Quarterly Fuel Use Tax Schedule (Instructions). However, the fuel purchased in New York State during the suspension period must be reported

On Form IFTA-101, column L, as tax-paid gallons of fuel. The composite tax rate for New York State that is reported on Form IFTA-101, column N, must be computed using the tax rates in effect on May 31, 2022. Find these rates on Form IFTA-105, IFTA Final Fuel Use Tax Rate and Rate Code Table 1, and on the IFTA tax rates webpage at www.iftach.org.

Carriers must maintain complete records of all fuel purchases, including purchases of fuel in bulk. Be sure to keep original receipts or invoices of fuel purchases. Proper documentation must be included with any claim for credit or refund. 

Meanwhile, reports indicate that the Northeast is running out of, or at least low on diesel fuel. The East Coast typically stores around 62 million barrels of diesel during the month of May, according to Department of Energy data. But as of May 6th, the region of the US is reporting under 52 million barrels. An option available to fleets at this critical moment is to take advantage of fuel savings and driver efficiency programs. 

Contact us

Print Friendly, PDF & EmailPrint Friendly
FacebooktwitterpinterestlinkedinmailFacebooktwitterpinterestlinkedinmail

Filed Under: New York State

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FOLLOW US

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

SPONSORED BY

Arthur Miller Attorney at Law

The Law Firm of Arthur L. Miller

The Law Firm of Arthur L. Miller The law firm of Arthur L. Miller specializes in transportation and traffic issues … Read More...

TOPICS

  • Business
  • Certified WeighMasters
  • Class Action Suits
  • Climate & Energy
  • Construction Jobs
  • COVID-19
  • Driver Education
  • Fares Fees Tolls
  • Federal
  • Funding
  • Immigration Law
  • International Trade
  • Legislation
  • New Jersey Legislation
  • New Legislation
  • New York City
  • New York State
  • Parking
  • Pending Legislation
  • Safety
  • Strategies for Urban Mobility Policy: Sustainable Delivery Bills (eacreative.nyc)
  • Tips
  • Truck Tractor Trailer
  • Uncategorized
  • Worker Safety

Our Latest Tweets

Tweets by @nyctruckstop

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Contact Us

34-18 Northern Blvd.
Long Island City, New York 11101

Phone: 718-997-0641
Fax: 718-997-0245
No Fields Found.

Copyright © 2025 New York Truck Stop Enterprises LLC     |     Site developed by Good2bSocial