Heavy Vehicle Use Tax (HVUT) Who does what? 2012 IFTA/IRP Manager’s and Law Enforcement Workshop September 2012.

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Presentation transcript:

Heavy Vehicle Use Tax (HVUT) Who does what? 2012 IFTA/IRP Manager’s and Law Enforcement Workshop September 2012

HVUT Vehicles subject to HVUT Exemptions for: – Organizations – Vehicles Gross Taxable WeightTax Rates Below 55,000 lbs.No Tax 55,000 – 75,000 lbs.$ 100 plus $ 22 per 1,000 lbs. over 55,000 lbs. Over 75,000 lbs.$ 550

HVUT Processes – Vehicle owners file IRS Form 2290 with appropriate payment All taxpayers MAY use electronic means to file and pay All fleets of 25 or more units MUST file electronically – IRS processes return and sends back to owner a STAMPED copy of Schedule 1 – Owner presents proof-of-payment when registering vehicle with State agency

HVUT Importance of HVUT – For FY 2010, $ 886 Million collected in HVUT – Approximately 2.5 % of total Highway Trust Fund Revenue – Finances various initiatives Highway improvements Maintenance Law Enforcement Safety – Funds are returned to States through apportionments

HVUT Roles and Responsibilities IRS – Collections and Audits States – Obtain Proof-of-Payment – Governor’s Certification FHWA – Periodically review State programs – Assess penalties

HVUT Why at this workshop – IRP relationship due to registration requirement – Industry participation – Reminder to all parties that the funds are returned to States and the more that is collected, the more is returned – Equal participation for ALL qualifying fleets

HVUT Resources IRS – Forms and Instructions: – E-File forms and Instructions: FHWA – Overview: hvut.cfm hvut.cfm – Compliance Review Information: Contact: Michael Dougherty (202)