Form 2290 for Pompano Beach Florida 2024-2025

Form 2290 for Pompano Beach Florida: What You Should Know

What is Heavy Highway Vehicle Use Tax Heavy Highway Vehicle Use Tax (HUT) is the federal tax paid by truckers on the sale or lease of motor vehicles to consumers at retail. HUT is calculated on sales or lease receipts received for motor vehicles at retail, when trucks are used on the road to carry supplies, passengers or cargo for commercial purposes. HUT includes sales and lease receipts from motor vehicle manufacturers, importers, dealers, wholesalers, wholesalers, service companies, brokers, or distributors. HUT is not refundable. It is calculated on each vehicle or fraction of a vehicle sold every year (including sales of motor vehicles used to transport passengers. The HUT tax applies to: 1. Heavy (over 3,500 lbs.) trucks (trucks towing more than 10 passengers) used to carry supplies, passengers, cargo or other property to and from commercial functions and 2. Motorcycles (12 horsepower or fewer) and mopeds (less than 250cc, no engine displacements in excess of 50 cubic centimeters), powered by gasoline, diesel, propane, or any other non-renewable fuel that can power the motor for more than 15 miles without being connected to a motor vehicle and capable of transporting more than 5 passengers. Including any cargo of 3 people or fewer in the total amount of freight transported, or more freight than the gross vehicle weight rating or OVER of the truck, and including freight that is not purchased for resale. Also includes passenger cars and motorcycles. H.H.U.T. also includes: 1. Passenger cars and motorcycles that are also driven on the road and towing trailers and motor vehicles with gross vehicle weight ratings of over 12,000 pounds. This means they are exempt from the HUT tax. What is Gross Vehicle Weight Rating (OVER)? This is the weight of a motor vehicle expressed in pounds, divided by 14 (for a 2 lb. motor vehicle) or 17 (for a 2 lb. motor vehicle.) If a truck's OVER is less than 10,000 pounds, then no HUT tax is due. If the OVER is less than 7,500 pounds, then a vehicle may be driven on the road and towing trailers and motor vehicles that have Gears that are not less than 10,000 lbs. and at least 7,500 lbs.

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