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Oil fee * USA - Would hurt locally owned truck stops
Here's yet another unintended consequence for Wisconsin if the proposed oil assessment fee is passed as part of the state budgetMadison,WIS,USA -The Capital Times, by James J. Goetz, vice president, Goetz Cos. -27 Sept 2007: -- ... Wisconsin's locally owned and operated truck stops and travel plazas would be unable to compete with truck stops and travel plazas in surrounding states... And big oil? They won't feel a thing... Experts who understand the petroleum business will tell you the oil assessment fee, if approved by the Legislature, would ultimately be passed on to consumers... Currently, truckers pay taxes under the International Fuel Tax Agreement, meaning they pay the prevailing tax in the states in which they travel. This helps ensure truckers don't bypass fuel stops in high-tax states. Unfortunately, the oil assessment fee would not be "IFTA eligible"... Ironically, the biggest unintended consequence is that the state would never collect the oil assessment fee dollars that they are counting on from diesel fuel because interstate truck drivers would not purchase fuel in Wisconsin. Clearly, everyone loses in the proposal except big oil... (Photo by businessinsurancespecialists.com: Truck stop of Madison, Wisconsin.)
Labels: fees and taxes
posted by Unknown @ 12:05 PM
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