International Fuel Tax Agreement
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5
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Search complete. 7 mentions across 5 episodes found for "International Fuel Tax Agreement".
Oct 1, 2026
John McMinnHOST
Eligible vehicles must be registered in Arkansas, fall within the vehicle classes listed in the order, and be owned and operated by an agricultural forestry business primarily for that business's work.
John McMinnHOST
Vehicles lis- licensed under the International Fuel Tax Agreement are excluded.
John McMinnHOST
The order also directs the Department of Finance and Administration to request matching penalty relief for the IRS.
John McMinnHOST
That means that s- that the state's action does not automatically remove federal restrictions on dyed diesel.
Mike BraunSOUNDBITE_SPEAKER
That would've given a benefit that was not necessary to the people actually driving over-the-road vehicles that don't even stop here.
Mike BraunSOUNDBITE_SPEAKER
It's called IFTA.
Mike BraunSOUNDBITE_SPEAKER
It's a different measurement for anybody that's driving a truck commercially.
Mike BraunSOUNDBITE_SPEAKER
Farmers, most of what they do would be driving within our state.
speaker_0HOST
To qualify, a vehicle must fall in Arkansas Registration Class 2, 3, 4, 5, 6 or 8, be registered in the state, and be owned and operated mainly for an agricultural or forestry business.
speaker_0HOST
Vehicles licensed under the International Fuel Tax Agreement are excluded, so most interstate carriers fall outside the order.
speaker_0HOST
Qualifying vehicles may also run a mix of dyed and undyed fuel in the same tank.
speaker_0HOST
Farm operations must commercially produce food, fiber, grass sod, nursery products, or livestock, backed by tax filings or, for newer businesses, a credible plan.
Scott ThompsonHOST
Uh, but again, fuel cards are a gr- a great way to save some money on the margins there.
Ashley BlackfordHOST
Another thing, making IFTA work for you.
Ashley BlackfordHOST
IFTA redistributes fuel, fuel taxes based on where miles are driven, not where fuel is purchased.
Ashley BlackfordHOST
So if you purchase fuel in a lower state, you'll save a little bit of money in the moment, but you've gotta take state fuel taxes into consideration.
Ashley BlackfordHOST
So it's important to review IFTA reports from time to time to identify trends and regions.
Scott ThompsonHOST
Another thing to keep in mind, uh, tire pressure.
Scott ThompsonHOST
It really does matter for rolling resistance, tire wear, and fuel economy.
Chasity HebnerGUEST
We got some of the lowest insurance rates in the industry.
Chasity HebnerGUEST
We help with paying and filing their fuel and IFTA taxes.
Chasity HebnerGUEST
We pay for cargo and liability insurance.
Chasity HebnerGUEST
We give them the tools.