WASHINGTON, Oct. 14 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following IRS Employee Plans News:
The Internal Revenue Service today announced that, in response to the President's Oct. 5, 2026, Executive Order, Emergency Tax Relief on Diesel Fuel, it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide.
The relief is retroactive to Oct. 1, 2026, and will remain in effect until Dec. 31, 2026. Relief is available to any person that sells dyed diesel fuel or uses dyed diesel fuel for highway use.
Ordinarily, dyed diesel fuel is not subject to tax because it is destined for an exempt use, such as use on a farm for farming purposes; however, it would be taxed if sold...