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New truck

Discussion in 'Ask An Owner Operator' started by FiveRiversFreightlinesLLC, Feb 24, 2022.

  1. Feb 24, 2022 #1
    FiveRiversFreightlinesLLC

    FiveRiversFreightlinesLLC Bobtail Member

    28
    21
    Feb 16, 2022
    0
    Hello

    When purchasing a new truck, do we pay FET+state taxes? FET is 12% already, so it would be crazy to have to pay additional taxes as well. Anybody have experience with this?

    Thanks
     
    FiveRiversFreightlinesLLC, Feb 24, 2022
    FiveRiversFreightlinesLLC, Feb 24, 2022
    #1
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  3. Feb 24, 2022 #2
    wichris

    wichris Road Train Member

    3,948
    7,568
    Jan 17, 2011
    0
    Depends on the state.
     
    wichris, Feb 24, 2022
    wichris, Feb 24, 2022
    #2
  4. Feb 24, 2022 #3
    Siinman

    Siinman Road Train Member

    4,689
    11,779
    Mar 5, 2017
    Kansas City, MO.
    0
    Missouri no state tax.
     
    Siinman, Feb 24, 2022
    Siinman, Feb 24, 2022
    #3
  5. Feb 25, 2022 #4
    Keepforgettingmypassword

    Keepforgettingmypassword Heavy Load Member

    729
    934
    Jan 11, 2022
    0
    Don't buy in cali
     
    Keepforgettingmypassword, Feb 25, 2022
    Keepforgettingmypassword, Feb 25, 2022
    #4
  7. Feb 25, 2022 #5
    GYPSY65

    GYPSY65 Road Train Member

    1,938
    5,218
    Nov 16, 2012
    SW FLA
    0
    Yes
    But you can title a trailer in Maine and not pay tax

    And there are ways to title the truck in a different state but you have to do it through a leased on companies name or find another way
     
    GYPSY65, Feb 25, 2022
    GYPSY65, Feb 25, 2022
    #5
  8. Feb 25, 2022 #6
    Accidental Trucker

    Accidental Trucker Road Train Member

    3,088
    6,624
    Jun 4, 2015
    0
    Most states do not tax trucks in interstate service.
     
    Accidental Trucker, Feb 25, 2022
    Accidental Trucker, Feb 25, 2022
    #6
  9. Feb 25, 2022 #7
    Ridgeline

    Ridgeline Road Train Member

    20,736
    101,047
    Dec 18, 2011
    Michigan
    0
    It is called rolling stock exemption and it only applies to interstate work, so you declare you will be using for interstate commerce.

    Most states have this in one form or another, but many dmv and other licensing bureaus are clueless.
     
    Ridgeline, Feb 25, 2022
    Ridgeline, Feb 25, 2022
    #7
    FiveRiversFreightlinesLLC, Short Fuse EOD, GYPSY65 and 1 other person Thank this.
  10. Feb 26, 2022 #8
    Long FLD

    Long FLD Road Train Member

    9,642
    37,540
    Mar 4, 2015
    0
    Depends on the state. I couldn’t get an exemption in NE because I’m not a carrier and I’m not leased to a carrier from NE. So I ended up licensing my truck thru the carrier I’m leased to in SD because the tax rate is 2.5% there for commercial vehicles versus 5.5% in NE.
     
    Long FLD, Feb 26, 2022
    Long FLD, Feb 26, 2022
    #8
    Accidental Trucker Thanks this.
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