Federal Excise Tax (FET) Implications

Federal Excise Tax (FET) on cranes can be confusing, particularly when determining whether or not to charge tax. The variety of sizes and applications of truck-mounted cranes often prompts questions about when cranes are...

From an NTEA member For purposes of the Internal Revenue Code (IRC) Section 4051 Federal Excise Tax (FET), if we buy a new taxable truck chassis and, at the same time, buy a spare chassis part/accessory for that chassis...

From an NTEA member Is FET triggered by adding snowplow equipment to a used, previously taxable chassis? Probably not. In determining whether the addition of snowplow equipment to a used chassis will trigger FET, you...