John D. asked

💰  Tax

On a glider kit truck, if the engine and transmission are remanufactured or rebuilt without using a donor vehicle, and the completed cost is less than 75% of the Manufacturer's Suggested Retail Price (MSRP) of a new comparable truck, is Federal Excise Tax (FET) applicable?

April 4th, 2023

Charles M. answered

The applicability of Federal Excise Tax (FET) on a glider kit truck depends on whether a donor vehic...

April 4th, 2023

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