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Applying that formula resulted in the changes. Motor Fuel Tax Rates by Gallon, Effective July 1, 2020. • IRS Form 720, Quarterly Federal Excise Tax Return • Instructions for IRS Form 720 • IRS Pub 510, Excise Taxes for 2020 . In accordance with Code of Virginia § 58.1-2217, the motor fuel tax rates effective July 1, 2020 through June 30, 2021 are listed below. 2020 Federal Motor Fuel Excise Tax Rates From PMAA Prospective Reinstatement of the Oil Spill Liability Tax - The federal Oil Spill Liability Tax (OSLT) that expired on December 31, 2018 has been reauthorized prospectively (not retroactively) beginning January 1, 2020. December 31, 2020 _____ 2021 FEDERAL MOTOR FUEL EXCISE TAX RATES _____ EMA Contact: Mark S. Morgan, Regulatory Counsel mmorgan@emamerica.org WHAT’S NEW Oil Spill Liability Tax Extended - The federal Oil Spill Liability Tax (OSLT) set to expire on December 31, 2020 is extended through December 31, 2025. The federal excise tax on gasoline is 18.4 cents per gallon, and has not increased since 1993. calendar years 2018 through 2020. Diesel Fuel Tax (Undyed) and B20 (Biodiesel), Federal (Includes $0.001 gallon Leaking Underground Storage Tank Trust Fund tax) Rate: $0.243/gallon . www.vpcma.com . Note: These rates are provided only for your information and are not to be used to complete your quarterly tax return. Historical federal and state taxes are available in the Federal Highway Administration’s Highway Statistics Series. Extension of oil spill liability tax. Iowa fuel tax rates are based on a fuel distribution percentage formula. The revenues from those taxes are credited to the Highway Trust Fund to pay for highway construction and maintenance as well as for investment in mass transit. Background Since 1993, federal excise tax rates on traditional motor fuels have been set at 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel fuel. Refiners are the only parties in the petroleum Section 4191 medical device tax. If the tax rate was adjusted for inflation since 1993, it would be 33 cents per gallon in 2020. January 3, 2020 . All other Iowa fuel tax rates will remain the same. The medi-cal device tax is repealed. Fuels Tax Rates. State-by-state fuel taxes —includes federal and state-level taxes on motor gasoline, diesel fuel, aviation gasoline, and jet fuel. § … To review the most current motor fuel tax rates, see IFTA Motor Fuel Tax Rates on the IFTA Web site. In states where taxes vary depending upon the price of the motor fuel (for example, where the tax rate is set as a percentage of the sales price rather than a cents per gallon method), the state average listed on the chart is a snapshot based upon the price of fuel (as … In the 2018 edition, see tables: 8.2.1. The sec-tion 4611 tax on crude oil received (domestic petroleum oil spill tax), or petroleum products entered (imported petroleum oil spill tax), is ex-tended through 2020 (no tax … The Iowa fuel tax rates for gasoline, ethanol blended gasoline, alcohol, and undyed biodiesel classified as B-11 or higher will change July 1, 2020. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. West Virginia State Tax Department 2020 Motor Fuel Rates Effective January 1, 2020 to December 31, 2020 Fuel Type Flat Rate Variable Rate Combined Rate GA - Gasoline $0.2050 $0.1520 $0.3570 Statutory or Regulatory Basis: 26 U.S.C.

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