Sales Tax exemption

Discussion in 'Trucker Taxes and Truck Financing' started by emilyny, Apr 7, 2025.

  1. emilyny

    emilyny Bobtail Member

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    Mar 12, 2025
    0
    Hi, I was wondering if anyone here has knowledge about sales tax exemptions in New York, specifically for truck purchases.

    I recently purchased a used semi-truck through a loan from Missouri, where there is no sales tax on truck purchases. I’ll be operating under a Missouri-based company using its DOT and MC number. However, I reside in New York and was told I only need to register the title here.

    My question is: Do I still need to pay New York sales tax when registering the truck, even though it was purchased and financed in Missouri for use under a Missouri-based company?

    Unfortunately, the accountant who handles my taxes doesn’t seem to have a clear answer, so I’m feeling stuck.

    If anyone knows a good accountant who understands trucking businesses and New York state tax laws, I’d greatly appreciate a referral.

    Thank you!
     
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  3. Lazer

    Lazer Road Train Member

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    Jan 22, 2017
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    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.
     
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