Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

Sales Tax and Title help?

Discussion in 'Ask An Owner Operator' started by Generictrucker, Oct 5, 2020.

  1. Oct 5, 2020 #1
    Generictrucker

    Generictrucker Light Load Member

    88
    43
    Jul 25, 2013
    Tullahoma, TN
    0
    Hey all. I bought a truck for the first time last month to continue my business in a way that doesn't bankrupt me immediately. However, I live in Tennessee, and I bought it in Texas. The company I am leased onto handles registration after titling in Indiana. I'm not sure where I should pay Sales Tax to. TN sent me a Sales Tax exemption form for a Title Only app, but I'm not sure if I should submit it or pay TN sales tax and just get the title that way. Any advice is welcome.
     
    Generictrucker, Oct 5, 2020
    Generictrucker, Oct 5, 2020
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. Oct 5, 2020 #2
    Ridgeline

    Ridgeline Road Train Member

    22,421
    116,721
    Dec 18, 2011
    Michigan
    0
    Title it in your domicile state only. Do not title it in any other state.

    Tennessee doesn’t tax rolling stock, hence the tax exemption form,
     
    Ridgeline, Oct 5, 2020
    Ridgeline, Oct 5, 2020
    #2
    Rideandrepair, Generictrucker and Dave_in_AZ Thank this.
  4. Oct 5, 2020 #3
    kwswan

    kwswan Road Train Member

    1,951
    10,353
    Jul 26, 2009
    mcminnville,tn.
    0
    They will tax it unless you have MC Authority or are leased to a motor carrier under their authority.
     
    kwswan, Oct 5, 2020
    kwswan, Oct 5, 2020
    #3
    p608 and Generictrucker Thank this.
  5. Oct 5, 2020 #4
    p608

    p608 Road Train Member

    2,181
    2,992
    Nov 10, 2016
    0
    Correct, show them a copy of your lease, no sales tax
     
    p608, Oct 5, 2020
    p608, Oct 5, 2020
    #4
  7. Oct 6, 2020 #5
    User666

    User666 Medium Load Member

    346
    888
    Sep 22, 2020
    Northeast Ohio
    0
    If used in interstate transportation it's tax exempt. So title it in Tennessee. Your motor carrier will only need a copy of the front/back of it once it's in your name so they can add it to their IRP. No need to transfer the title after you have it done in TN in your name.
     
    User666, Oct 6, 2020
    User666, Oct 6, 2020
    #5
    feldsforever Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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