Oklahoma farmers weigh diesel relief as harvest continues
As Oklahoma farmers continue harvesting crops and managing rising operating costs, a temporary change involving dyed diesel could offer some relief. Oklahoma farmers are considering a temporary change involving dyed diesel, which could offer relief to them as they continue to harvest crops and manage rising operating costs. Governor Kevin Stitt announced a 120-day pause in enforcement of certain dyed-diesel rules in late September, directing state agencies to adjust enforcement priorities and to seek federal penalty relief from the Internal Revenue Service for qualifying users. However, this does not necessarily mean every farmer can immediately begin using red diesel in trucks that travel on public roads. Diesel powers the machinery and vehicles needed to plant, maintain and harvest crops, making fuel an essential operating expense. The combined state and federal taxes associated with diesel can amount to roughly 40 to 50 cents per gallon, which can add up if the rules allow qualifying road-going vehicles to use dyed diesel without those taxes applying.
gepubliceerd : 10 uur geleden door Daniela Julio-Cano in Business Politics Finance
TULSA, Okla. — As Oklahoma farmers continue harvesting crops and managing rising operating costs, a temporary change involving dyed diesel could offer some relief. But farmers say the impact will depe... [5995 symbols]
