The United States imposes excise taxes on a variety commodities and
services. Retail sellers of commercial and vocational vehicles, some truck and
truck bodies, trailer and semitrailer bodies and chassis and truck tractors are
subject to one of these federal excise taxes (FET). The current version of the
FET (I.R.C. §§ 4051-4053) affecting trucks levies a 12-percent tax on the first retail
sale of a taxable body, chassis or tractor.
NTEA is one of the foremost authorities on the FET for
the work truck industry.
Information specific to the work truck industry:
- Excise Tax Enquirer articles - provide expert insights presented in a
question-and-answer format to a specific FET issue. The answers incorporate IRS
rulings and interpretations relevant to the taxability of items in the work
truck industry. Also available in NTEA News.
- Webinar presentations - provide information on
several FET-oriented topics, including: updates and recent changes; applications
to truck bodies; tax-free sales to state and local governments; and exceptions
for off-highway vehicles, mobile mounts for machinery and farm
- FET Exemption Certificate - used for
documenting the tax-free sale of a product for the purposes of resale.
- Municipal FET Exemption
Certificate - used to document the tax-free sale of a product to a
state or local government.
- FET Guide - the first and only publication of
its kind for the industry. It is an essential reference for the people in your
company who make FET decisions on sales and who prepare your company's tax
- FET Manual - compilation of FET
Bulletins, Quarterlies, Enquirers and Ssecial discussions published since the
retail excise tax took effect in 1984. You may order only the Manual or include
an optional one, two or three-year update service providing copies of all of NTEA's FET materials published in the previous calendar year.
- Excise Tax Quarterly - Quarterly review of IRS releases concerning federal excise tax on motor vehicles.
Members needing personalized FET assistance are encouraged to call NTEA’s
toll-free FET and Engineering Hotline at 800-441-6832, 8 a.m.–5 p.m. EST, Monday