IRS announces dyed diesel penalty relief in Florida due to Hurricane Milton
The relief begins on October 9, 2024, and will remain in effect through October 30, 2024.
The IRS today announced that, due to disruptions caused by Hurricane Milton, it will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout the state of Florida.
According to today’s IRS release—IR-2024-265—the relief is in addition to the limited relief provided in response to Hurricane Helene—read TaxNewsFlash. The relief begins on October 9, 2024, and will remain in effect through October 30, 2024.
The penalty relief applies to any person selling or using dyed diesel fuel for highway use. In the case of the operator of the vehicle in which the dyed diesel fuel is used, the relief is available only if the operator or the person selling such fuel pays the tax of 24.4 cents per gallon that is normally applied to diesel fuel for highway use.
The IRS will not impose penalties for failure to make semimonthly deposits of tax for dyed diesel fuel sold for use or used in diesel powered vehicles on the highway in these areas during the relief period.