Mississippi IFTA Information
Located in the Southern United States is Mississippi, also known as “The Magnolia State” and currently has a population of about 3 million. In order to receive an IFTA License you will need to submit a IFTA License Application from the Mississippi Department of Revenue, Petroleum Tax Division. Currently there is no charge for an IFTA sticker application or IFTA decals.
State Requirements Mississippi IFTA Licensing
You’ve made it through driving school, earned your CDL, and are ready to get on the road. Congratulations! This is an exciting and challenging career, and you’ll enjoy the adventure of the open road. Before you get started, there are some things you need to know about IFTA Mississippi licensing requirements.
The International Fuel Tax Agreement was created to organize and simplify the reporting and distribution of highway fuel taxes. The U.S. Government and members of the trucking industry agreed there should be a more efficient way to file and distribute the taxes paid by interstate carriers. Today, the IFTA consists of 58 member jurisdictions— 48 states in the U.S. and 10 Canadian provinces.
So, who needs an IFTA sticker and permit? A base jurisdiction is where your qualified motor vehicle(s) are based for registration purposes, and the operational controls of the business are maintained. If Mississippi is your base jurisdiction and you travel interstate among one or more member jurisdictions with a qualified motor vehicle, you are required to apply for an IFTA license. You’ll find the vehicle qualifications listed here.
There is a long list of IFTA exemptions and non-IFTA states where truckers do not have to pay fuel taxes in some instances. Those exemptions can be found here.
The IFTA also requires truckers to file quarterly fuel use taxes. Failure to file or pay by the due date can incur a penalty of 10% of the total taxes due, or $50, whichever is more. It can also interfere with renewing your license. The IFTA quarterly fuel tax schedule is as follows:
Quarterly IFTA Due Dates |
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Q1 January – March | April 30 |
Q2 April – June | July 31 |
Q3 July – September | October 31 |
Q4 October – December | January 31 |
When you receive your IFTA Mississippi license, you’ll also get two IFTA decals for each vehicle in your fleet. The decals must be affixed to each side of the cab’s exterior. If the IFTA decals or stickers are lost or destroyed, you can apply for replacement decals at an additional cost.
Renewing Your Mississippi IFTA License
Mississippi IFTA licenses are valid for one year, expiring on December 31st. You should submit the renewal application before November 30th to avoid any delays in getting your renewal and decals. A grace period is granted through February to allow time for your IFTA decals to arrive and be displayed. However, this doesn’t mean you have until then to apply. The grace period only applies if you have submitted your renewal application on time.
How TruckingOffice Can Help
As you can see from the above information, there are a lot of deadlines to meet, and a lot of opportunities to make a mistake. If you’re worried about keeping up with IFTA permit deadlines, let the experts at TruckingOffice help. With our program, you’ll always be on time with fuel use tax reports. But, that’s not the only way we can make your life easier. Our program also manages your invoices, dispatches, vehicle maintenance, fuel purchases and usage, keeping all of your information in one place. We track everything you need for IFTA including miles by state and fuel gallons by state. Your miles are calculated automatically using PC*Miler. If you want to eliminate all the tedious paperwork, contact us today. We want to help you stay behind the wheel and earning money, so give us a call and let’s get started.
Start filing your IFTA the easy way today!