President Trump signs order directing Treasury to defer diesel fuel excise taxes, provide penalty relief
Order directs Treasury to defer payment of federal excise tax imposed for on-road use of dyed diesel fuel for remainder of the year, without interest or penalties.
President Trump yesterday signed an executive order directing the U.S. Treasury Secretary to defer certain diesel fuel tax payment obligations and to provide penalty relief.
According to the related White House fact sheet, the order directs the Treasury Secretary to defer payment of the federal excise tax imposed for on-road use of dyed diesel fuel for the remainder of the year, without interest or penalties, and to explore pathways to eliminate the obligation to pay the deferred taxes.