NTEA’s technical services department receives questions on taxation of specific body and equipment sales. Because the body and equipment seller is responsible for collecting and submitting the 12% FET to Internal Revenue...
Many work truck upfitters understand that as motor vehicle assemblers, they are considered manufacturers by NHTSA under vehicle certification regulations (49 CFR Part 566). Additionally, they know they are responsible as...
We install truck bodies and equipment, and one of our fleet customers recently asked us to provide them with a copy of our USDOT upfitter’s license. Is there a licensing requirement for our industry, and would our...
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.
A customer asked us to repair their one-year-old truck. The truck body and chassis, when new, were taxable. The truck body is badly damaged and will require extensive repairs, while the truck chassis needs only minor...
NTEA’s technical services department receives questions on taxation of specific body and equipment sales. Because the body and equipment seller is responsible to collect and submit the 12% FET to Internal Revenue Service...
Many manufacturers incorrectly assume their risk is entirely contemplated through the Commercial General Liability insurance policy. When considering manufacturers’ risk exposure, the first thing that comes to mind is...
Alamo Auto Supply announced it sold its wholesale distribution business to Meyer Distributing, a leading national distributor of automotive specialty products. The transaction allows Alamo Auto Supply to concentrate on...