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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...

NTEA receives FET questions on modifying a customer’s truck chassis and what it means to the company as the modifier. Members ask whether or not to charge tax and who pays Internal Revenue Service.

This three-part series provides an overview of the most common vehicle certification scenarios and the required labels associated with each. The label an upfitter uses is based on the stage of manufacturing they are...

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 purchased a 2009 used truck that has a GVWR of 32,900 pounds. We want to add a lift axle to the truck and re-sell it at retail. After the addition of the lift axle, the truck’s GVWR will be more than 33,000 pounds...

NTEA is a recognized leader in providing relevant and valuable industry statistics and interpretation of market data and trends affecting the work truck industry. The following highlights current offerings, with most...