PIB TIP: ASSESSING FUEL TAX. Each state gets its share of taxes based on the number of miles truck drivers run in a state, according to the International Fuel Tax Agreement. If you run 100 miles in Missouri and your truck gets 5.9 mpg, for example, you pay tax on 16.9 gallons of fuel used in Missouri. The state then bills your home state, which bills you. If you buy more fuel in Missouri than your mileage requires, Missouri refunds your state, which then refunds you. If you run in many states, varying fuel tax rates can mean hundreds of dollars added to or subtracted from your bottom line. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Schneider National Inc. and Freightliner Trucks.
Overdrive's Most Beautiful contest is back for a second year. Submit yourself or a female truck driver you know! The first-place winner will win a trip to The Great American Trucking Show in August and will be featured in a story in Overdrive. Submissions accepted through March 20.
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