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February 5, 2014 - Industry News

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

In its two factories in east Tennessee, Fitzgerald last year assembled about 1,200 gliders.

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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