Sales Tax exemption

If the business is located In Missouri, then Missouri tax regulations apply. Hopefully you have yourself classified as an employee of your company. Your company should be withholding (personal) income taxes for the State of New York, at NY rates, because that is your personal residence. That is my understanding, I am open to correction.

 

Thank you for sharing

 

NY has a rolling stock exemption, it can be applied for through the DMV for interstate trucks.

 

Does any state not have a sales tax exemption for trucking equipment? I thought that was a pretty universal thing.

 

South Dakota doesn’t. Nebraska doesn’t unless you’re a motor carrier or leased to a carrier from NE. Those are two that I know of for sure.

 

Hell with South Dakota then.

Nebraska sounds like they do exempt the sales tax...with a small amount of documentation proving the equipment will be used for trucking and not as a personal toy. I think Indiana is like that too.

 

I live in NE and didn’t qualify for the exemption when I was leased to TraLo because they’re based in MN. South Dakota is 3% when you license it the first time. It’s not as bad as it sounds.

 

Yeah that’s not too bad. NE actually sounds like the rip off. If it’s a vehicle used for interstate commerce it should automatically be exempt. Most states are like that.