Search results
Results From The WOW.Com Content Network
A vehicle miles traveled tax, also frequently referred to as a VMT tax, VMT fee, mileage-based fee, or road user charge, is a policy of charging motorists based on how many miles they have traveled. It has been proposed in various states in the United States including Illinois who are currently following through with implementing this tax, and ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
The General Assembly’s new state budget takes a few more steps to reduce North Carolina’s reliance on the gas tax. ... Both fees come on top of the $38.75 that all passenger vehicles pay the ...
The North Carolina Department of Transportation was formed in 1915 as the State Highway Commission. In 1941 the Department of Motor Vehicles (DMV) was formed under the NCDoT by an act of the General Assembly. The Executive Organization Act of 1971 combined the state highway commission and the DMV to form the NC Department of Transportation and ...
The International Fuel Tax Agreement (or IFTA) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. [1] Alaska, Hawaii, and the Canadian territories are not required to participate, however all of Canada ...
For premium support please call: 800-290-4726 more ways to reach us
On Dec. 29, the agency announced a bump in the optional standard mileage rate starting Jan. 1, 2023 — which will now be 65.5 cents per mile driven. Taxpayers can use the new rate to calculate ...
The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...