Excise Tax Enquirer

FET on equipment sold on both taxable and nontaxable new truck chassis

June 30, 2023
Rose-Michele Nardi
Baker & Miller PLLC
We have some equipment we sell on both new truck chassis subject to tax under Internal Revenue Code Section 4051 FET and new truck chassis not subject to FET. If the equipment is taxable when sold on a new truck chassis subject to FET, is it also taxable when sold on a new truck chassis not subject to FET?
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