IFTA is the International Fuel Tax Agreement between the 48 contiguous States and 10 Canadian Provinces, where the member jurisdictions act cooperatively to administer and collect motor fuel use taxes.
The purpose of IFTA is to establish and maintain the concept of one fuel use license and one administering base jurisdiction for each license holder (licensee). Under IFTA, you only have to report to one state and the state allocate the fuel tax payments. For more details see http://www.iftach.org.
The IFTA license is renewed annually and due December 31, 2012. Some states may have already mailed renewal papers out, others will be doing so soon. Be aware that some states no longer mail out renewal papers. The renewal process varies from state to state with some states offering online renewal, while others require electronic renewals. There are some states that still only offer paper renewals.
If you do not receive renewal papers in the mail, it does not mean you do not have to renew. You are still responsible to renew your IFTA license by the December 31st deadline. Renew your IFTA license on time to avoid possible penalties.
As a premier processing agency, Truck Services of North America can assist with renewing your IFTA. TSNA takes the paperwork out of your way. For more details contact us at TSNAmerica.com or call 803.386.0320.
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