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Fuel Tax Recovery
What are fuel taxes?
Fuel Taxes are assessments made upon the purchase of motor fuels by federal, state, county and municipal regulatory agencies throughout the United States, US territories, and Canada. For the most part, these assessments are made to support the construction and maintenance of public streets, roads, highways, and bridges throughout North America.
Fuel taxes can account for as much as $.60 of each gallon of motor fuel.
How can Fuel Tax be Recovered?
The fact is, there is no universal formula or easy process for fuel tax recovery. Depending upon the industry, the type(s) of fuel used by your fleet, the mix of vehicles and equipment, the taxing jurisdiction(s) in which fuel is purchased and consumed along with a variety of other criteria, opportunities do exist for the Fuel Tax Recovery.
A few examples of commonly overlooked Fuel Tax Recovery opportunities:
Power Take Off (PTO)
Off-Road
Idle Time
Refrigerated Units
Exempt Government Agencies
What NECS Does
NECS' professionals have the knowledge and experience to effectively:
Analyze your company’s fleet operation, equipment, fuel purchasing methods, and fuel usage
Gather required supporting documentation
Contact appropriate taxing authority and file necessary paperwork
Monitor the refund process
Represent tax filings in case of regulatory review or audit
We are dedicated to being the fuel tax experts you can trust for the most up-to-date fuel tax information and refund opportunities.
Contact NECS to discover how much money you could recoup by implementing a customized Fuel Tax Recovery strategy.