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NAFA's Legislative Team Clarifies Sales of Taxable Fuel Issues - NAFA retains experienced legislative representatives in Washington, DC and Ottawa, ON to coordinate vital information on laws, regulations, and other government activity relating to fleets
NAFA's Legislative Team Clarifies Sales of Taxable Fuel Issues

 

PRZOOM - /newswire/ - Princeton, NJ, United States, 2010/11/10 - NAFA retains experienced legislative representatives in Washington, DC and Ottawa, ON to coordinate vital information on laws, regulations, and other government activity relating to fleets.

   
 
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Two months ago, NAFA Fleet Management Association sought clarification on two issues of great importance to fleet managers in the public service sector: the first dealt with the sale of taxable fuel to State and local governments and the second with the issue of fuel resale to other State and local governments. The Association has just received confirmation from the Office of Chief Counsel for the Internal Revenue Service that sales of fuel from one jurisdiction to another are permissible. The IRS said it permits State-to-State (including county and municipal governments) sales with both being tax exempt. However, the IRS also said that State or local governments may not sell tax free fuel to a federal agency.

The IRS was responding to a memorandum sent by NAFA's U.S. Legislative Counsel sent on August 17, 2010.

NAFA retains experienced legislative representatives in Washington, DC and Ottawa, ON to coordinate vital information on laws, regulations, and other government activity relating to fleets. As the largest fleet management association in North America, NAFA helps serve as the collective voice of the industry. The Association's legislative team not only keeps the Membership up-to-date on legislation, which could affect fleet managers, but often plays an active role with pending legislation.

"As the premier association for fleet managers, NAFA is the legislative voice for fleet management advocacy," said NAFA's Executive Director, Phillip E. Russo, CAE. "Our Legislative Counsels are here to represent the concerns and views of our Members to the legislature in order to assure that fleet concerns are considered when laws and regulations are being discussed. NAFA encourages our Members and all fleet managers to communicate regularly with lawmakers and regulators."

About NAFA Fleet Management Association

NAFA (nafa.org) is the world's premier non-profit association for professionals who manage fleets of sedans, public safety vehicles, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for organizations across the globe. NAFA is the association for the diverse vehicle fleet management profession regardless of organizational type, geographic location or fleet composition. NAFA's Full and Associate Members are responsible for the specification, acquisition, maintenance and repair, fueling, risk management, and remarketing of more than 3.5 million vehicles including in excess of 1.1 million trucks of which 350 thousand are medium- and heavy-duty trucks.

 
 
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Agency / Source: NAFA Fleet Management Association

 
 

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NAFA's Legislative Team Clarifies Sales of Taxable Fuel Issues

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Contact: Gary Wien - NAFA.org 
609-986-1053 gwien[.]nafa.org
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any NAFA Fleet Management Association securities in any jurisdiction including any other companies listed or named in this release.

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