What is the use of the Truck Federal Excise Tax?
276 views |
Last modified 7/20/2020 8:38:51 AM EST |
Added by ExpressTruckTax Team
Federal Excise Taxes are taxes paid on a specific good, like fuel or new trucks. The IRS collects the Truck Federal Excise Tax as HVUT annually from the heavy vehicle owners/drivers who operate their vehicles on public highways. This tax is collected for construction and repairs of any kind on the highway and maintenance purposes.
If you have any questions, don’t hesitate to contact our 100% US-based support team.