TITLE

APUs now exempt from federal excise tax

PUB. DATE
November 2008
SOURCE
Trailer / Body Builders;Nov2008, Vol. 50 Issue 1, p70
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the exemption of auxiliary power units (APU) from the 12 percent federal excise tax (FET) following a successful effort by the National Automobile Dealers Association and the American Truck Dealers (ATD) in the U.S. in 2008. Accordingly, the law repealing the tax on APUs was sign by U.S. President George W. Bush. ATD chairman Gary Gibson claimed that the said legislation will benefit truck dealers who have been burdened by the tax collection issue as the demand for such units increased.
ACCESSION #
35639019

 

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