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IN HB1087
Bill
Status
1/5/2017
Primary Sponsor
Randall Frye
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AI Summary
HB 1087 Summary
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Motor carrier fuel surcharge tax must be collected and remitted at the same time as special fuel tax instead of quarterly, applying only to commercial use.
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Individual vehicle owners with diesel fuel exempt from the surcharge tax receive a $100 annual income tax credit ($50 for 2017 tax year) to offset motor carrier fuel surcharge taxes paid.
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Biodiesel fuel manufactured in Indiana and shipped out of state is exempt from special fuel tax and motor carrier fuel tax, eliminating the need to claim refunds.
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Alternative fuel decal and temporary permit fees are increased: decal fees doubled (e.g., passenger vehicles $100 to $200) and temporary trip permits raised from $5.50 to $11.
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Electric powered motor vehicles must pay a $100 annual road impact fee upon registration, with fees deposited and distributed the same as special fuel taxes.
Legislative Description
Fuel taxes and vehicle fees. Specifies that the motor carrier fuel surcharge tax must be paid on all special fuel at the same time the special fuel tax is paid instead of being paid on taxable special fuel using a quarterly return. (The surcharge tax applies only to commercial use.) Provides that an individual who owns a motor vehicle that uses diesel fuel that is exempt from the motor carrier fuel surcharge tax is entitled to a credit of $100 ($50 in 2017) against the individual's adjusted gross income tax liability each taxable year as an offset to the motor
Last Action
First reading: referred to Committee on Ways and Means
1/5/2017