Fleet Management

Federal Excise Tax

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June 1, 2016 - Industry News

Senate Action Opposes Federal Excise Tax Increase

Sen. Cory Gardner

Sen. Cory Gardner introduced Senate Concurrent Resolution 40, expressing opposition toward increasing the 12% Federal Excise Tax (FET) on heavy trucks and truck bodies.

Tags: Legislation, Federal Excise Tax, U.S. Senate

April 2, 2015 - Industry News

House Bill Seeks to Halt Excise Tax Increase

A bipartisan group of U.S. House members have introduced a bill seeking to stop any increase of the excise tax on new heavy-duty trucks, an effort that has been applauded by truck dealers.

Tags: ATD, Federal Excise Tax, Proposed Legislation, U.S. Congress, Truck Dealers

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

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