INTERNATIONAL FUEL TAX AGREEMENT IFTA FULL TRACK PRELIMINARY BALLOT PROPOSAL #1-2012 2012 ANNUAL IFTA BUSINESS MEETING JULY 18, 2012 Grand Rapids, MI Ron Hester (ON) IFTA, Inc. Board of Trustees Managed by the International Fuel Tax Association, Inc. INTERNATIONAL FUEL TAX AGREEMENT FTBP #1-2012 • Sponsors: Agreement Procedures Committee & Program Compliance Review Committee • Subject: To clarify the requirements for filing an IFTA Tax Return Managed by the International Fuel Tax Association, Inc. INTERNATIONAL FUEL TAX AGREEMENT History/Digest As technology advances, requests from licensees to file their IFTA tax returns online have increased. Jurisdictions have increasingly accommodated licensees for online filing, some have requirements for what licensees file online. Managed by the International Fuel Tax Association, Inc. INTERNATIONAL FUEL TAX AGREEMENT History/Digest P700 does not adequately address what is required to be included or captured. The APC & PCRC formed the Electronic Filing Subcommittee to ballot language that would provide guidance & consistency among jurisdictions regarding data elements that should be captured on IFTA tax returns. Managed by the International Fuel Tax Association, Inc. INTERNATIONAL FUEL TAX AGREEMENT Intent To provide an update to the IFTA Procedures Manual to include the necessary requirements for filing an IFTA tax return, regardless of the manner filed. Managed by the International Fuel Tax Association, Inc. INTERNATIONAL FUEL TAX AGREEMENT Proposed Language Change Procedures Manual P700 Standard Tax Returns The data elements listed in P720 are to be data captured regardless of the method of completion of the tax return (manually, electronically prepared or electronically prepared and filed) and must be provided on the appropriate transmittal. Managed by the International Fuel Tax Association, Inc. INTERNATIONAL FUEL TAX AGREEMENT Proposed Language Change Sections P710 and P730 Remain Unchanged P720 Required Information .100 to .400 & .600 to .850 “A space for the….” is being proposed as a deletion Managed by the International Fuel Tax Association, Inc. INTERNATIONAL FUEL TAX AGREEMENT Questions Comments Suggestions/Recommendations Managed by the International Fuel Tax Association, Inc.