NTEA The Association for the Work Truck Industry has submitted comments to the Internal Revenue Service about their proposed regulations governing the Federal Excise Tax (FET) on heavy trucks, tractors, and trailers.
Tax Rule May Help with Work Truck Purchases
Commercial truck owners are reminded that the U.S. Internal Revenue Code, Section 179 (commonly referred to as IRC-179) allows businesses to expense up to $25,000 in tax year 2014 for certain capital expenditures, including commercial work trucks.