Equipment

Taxes

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March 23, 2018 - Industry News

Outgoing ATD Chairman Wants Tax on Trucks and Trailers Repealed

ATD chairman Steve Parker urged dealers to work with Congress to repeal the Federal Excise Tax on trucks and trailers. Photo: ATD

At the ATD Show in Las Vegas, Steve Parker, chairman of the American Truck Dealers organization, urged dealers to work with congress to repeal the federal excise tax on the sale of heavy duty trucks and trailers.

Tags: Legislation, Taxes, ATD, Events, Truck Dealers, Federal Excise Tax

February 5, 2014 - Industry News

FET Exemption for Glider-Kitted Trucks Might End, IRS Indicates

Exemption from the 12% FET is a major benefit of buying gliders instead of new trucks, but new IRS thinking would take away that break.

Tags: Taxes, Equipment, Federal Excise Tax, Glider Kits, NTEA, NTDA, IRS, Dealers

September 13, 2013 - Industry News

Lawmakers, Industry Press for No FET Hikes on Trucks

Legislation has been introduced in the U.S. House to discourage any increase in the 12% Federal Excise Tax on the purchase of heavy-duty trucks and trailers, a measure that has been discussed as one way to raise more money for highways.

Tags: NTEA, TRALA, Taxes, ATD, Navistar, Volvo Trucks, Equipment, Mack Trucks, Meritor, Highway Funding, U.S. Congress, Dealers, Infrastructure Funding

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