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FEDERAL EXCISE TAX ULTIMATE VENDOR CERTIFICATE (For use in claiming federal excise tax credit or refund of overpayment determined under section 6416(b)(2) for purchases made from The Goodyear Tire.

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FET is an acronym that simply stands for federal excise tax. In particular regard to truck tires, the FET is imposed on tires strictly manufactured for and used on the public roadways. The FET is levied typically against medium and heavy-duty truck/trailer tires with a maximum load capacity greater than 3,500 pounds.

An excise tax is added to the first, initial sale of an item. Section 4051 of the IRS code addresses Federal Excise Tax on the sales of certain large trucks. The FET tax on trucks is 12% of the total sale price that is added on when purchasing a new truck.

The federal excise tax is a tax imposed on premium payments to offshore insurers: 4 percent on direct premiums and 1 percent on reinsurance premiums.

The Federal Excise Tax (FET) is a tax on tires that the manufacturer pays and then passes the charge down the supply chain and the consumer ultimately ends up paying for it in the end. The tax is not remitted by the installer as the tax was already paid to the government by the manufacturer.

A reduction in the rate of the tire excise tax of 2.5% was part of the Determination of Second Tier Taxes enacted in 1980....Legislative History and Rationale. Weight of TireTax0- 40 lbs.No tax40 -70 lbs15 cents per lb. over 40 lbs.70 -90 lbs.$4.50 plus 30 cents per lb. over 70 lbs.1 more row • Oct 6, 2005

Every traveler pays a 7.5 percent transportation excise tax. It is a tax paid by travelers, not the airlines. There is no tax on checked baggage.

1 A federal excise tax is usually collected from motor fuel sales, airline tickets, tobacco, and other goods and services.

Charges made for tires and valve stems are subject to the Massachusetts sales tax.

The State is exempt from the payment of Federal Excise Taxes, except for the purchase of retreaded tires and transportation of persons or property by air....EXCISE TAX EXEMPTION ON PURCHASES - 3585. TaxableTax RateTruck parts and accessoriesTiresIf the tire weighs:The rate of tax is :Not more than 40 lbs.No tax26 more rows

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232