FET tax for axle

Discussion in 'Trucker Taxes and Truck Financing' started by rhitrucking, Dec 22, 2019.

  1. rhitrucking

    rhitrucking Light Load Member

    163
    72
    Feb 7, 2017
    0
    So I want to clarify and hope you guys have the answers. So if I buy a 5 year old freightliner M2 single axle 33k truck, decide to add a lift axle, I now have to pay a 12% FET tax on the truck because its over 33k gvwr? If so, what would the 12% tax be based off, purchase price of truck new, or some perceived value at date of modification.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.