Form PT 102 1 107 Diesel Motor Fuel Receipts PT1021 Tax Ny
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People also ask
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What is New York motor fuels tax?
Fuels subject to PBT include motor fuel and highway diesel fuel, among others. Effective January 1, 2022, the PBT rate is 17.3 cents per gallon, up from 16.6 cents in 2021. Transactions exempt from PBT include sales to federal, state, and local governments and sales of certain types of residential heating fuel.
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Did NYS reinstate the gas tax?
When you purchased motor fuel or diesel motor fuel from a retail seller of motor fuel in New York State from June 1, 2022, through December 31, 2022, the purchase did not include excise and state sales taxes. However, the New York State fuel use tax (Article 21-A) was not suspended.
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What is the motor fuel tax in Illinois?
Motor Fuel Use Tax From July 1, 2022, through December 31, 2022, the rates are as follows: gasoline/gasohol – $0.559 per gallon. diesel fuel – $0.627 per gallon. liquefied petroleum gas (LPG) – $0.617 per DGE.
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Is there an inflation adjustment on motor fuel tax in Illinois?
For the period July 1 through December 31, 2022, the scheduled inflation adjustment rate increase for the motor fuel tax is suspended as part of the Illinois budget (previously, the adjustment increase was scheduled to occur on July 1, 2022).
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How is motor fuel tax distributed in Illinois?
Beginning July 1, 2021, revenues from the sales tax on motor fuels will incrementally move over a 5-year period to the Road Fund. As summarized below, revenues from the 6.25% sales tax will gradually shift to funding transportation, in 1% increments up to 5%.
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Did Illinois suspend fuel tax?
Under the state's budget, a 2.2 cent-per-gallon tax increase that was scheduled to take effect on July 1, 2022, was suspended as part of a larger effort to provide relief to taxpayers impacted by wildly-escalating inflation rates. The election-year move was expected to save Illinois taxpayers approximately $70 million.
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What is the motor fuel tax in Illinois 2023?
Effective January 1, 2023, through June 30, 2023, the State Motor Fuel Tax will be $0.423 per gallon of gasoline and $0.498 per gallon of diesel fuel. The tax will resume its previous annual CPI increase on July 1, 2023.
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