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Mid-Size Bus Manufacturers Association (MSBMA) was founded in 1993 to enhance professionalism, safety and product quality in the mid-size bus industry. The group defines mid-size buses as passenger-carrying motor coaches...

Many members conducting FET-eligible sales of truck chassis, bodies and equipment are receiving conflicting information on which government agencies are exempt and how to properly document sales to tax-exempt government...

We buy used chassis, modify them and resell them. The modifications typically include adding a lift axle and stretching the frame. We have been told that the 75% rule applies to customer-owned chassis; does it also apply...

​​​​​​​We mount a certain model truck body (one of our top sellers) on a lightweight chassis rated below 33,000 pounds GVW. Therefore, we do not charge Federal Excise Tax (FET or Section 4051 tax) on the sale of the body...

Two months ago, my company purchased a new trailer from a dealer for use in our business. The sale of the trailer by the dealer to us was taxable under Internal Revenue Code Section 4051. Unfortunately, the trailer we...