System and Method for Assessing and Collecting Taxes for Motor Vehicle Fuel at the Point of Sale

A system and method for assessing and collecting taxes for fuel for motor vehicles at the point of sale through use of a vehicle identification device; a reader or scanner to receive and process information received or obtained from the vehicle identification device; a tax rate and price determination controller that can determine an appropriate tax rate to be added to a base fuel price; a dispensing device configured to dispense motor fuel to an identified vehicle and track the quantity of motor fuel dispensed; a payment processor that can determine a total purchase price having at least a base fuel price component and at least one fuel tax component, and execute a payment transaction for a particular method of payment; and a payment distribution controller that can allocate portions of the total purchase price to an identified account and execute or report such distributions.