NAFA's Legislative Team Clarifies Sales of Taxable Fuel Issues

PRINCETON, N.J., Nov. 11, 2010 /PRNewswire/ -- Two months ago, NAFA Fleet Management Association (http://www.nafa.org/) 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."

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE NAFA Fleet Management

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