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Flagship Fleet Management Masters of Fleet Management and Analysis. |
Flagship Fleet Management, LLC 8021 N. 9th Avenue Phoenix, Arizona 602-954-9099 |
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Fuel Tax Recovery
Federal and State fuel tax is designed to pay for public highway road construction and maintenance. Tax is required for powering vehicles on a public highway. Off-highway use of fuel which is defined as fuel not used to power a vehicle on a public highway is exempt form tax. Off-highway, auxiliary equipment, idle time, PTO are exempt from tax. Federal, State, Diesel, Gasoline, Alternative, Light & Heavy all are treated with different rules. In many cases tax recovery can go back three (3) years. Flagship Fleet Management will mine your data, analyze your fuel transactions and look for all possible Federal and State tax recovery opportunities your organization is eligible for. We do the work, you get more money in your budget.
The Process
Flagship will work with you to mine the required data from your systems consisting of equipment on/off road percentages and fuel transaction data. Flagship will review the data and produce a summary report to show your potential recovery. Moving forward Flagship will produce easy to review detail reporting to confirm/update our initial findings and conclusions. Once the details are confirmed Flagship will prepare the proper tax documentation for each tax authority ready for your review and submittal. The cost charged by Flagship for this service will be a percentage of what is recovered.
Points of interest
- Governmental agencies are exempt from Federal Excise tax. - Commercial off highway use of fuel is exempt including; idle time, auxiliary equipment and PTO (Power Take Off). - Heavy vehicles pay more Federal Excise tax then light vehicles (Heavy is greater than 12,000 GVW) - CNG is eligible for $.183 per gallon equivalent (or 126.67 cubic feet) tax credit. - BIO-Diesel is eligible for $1.00 per gallon tax credit. - Alcohol mixed with fuel is subject to a $.51 per gallon (alcohol only) tax credit. - Private fleet vehicles contracted for government transportation, fuel is exempt. - Each state is different, Flagship will fully review the tax law for your state to find all recovery opportunities. |
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