Refurbished Trucks Seller Seeks Redo on Excise Tax Exemption

A company that sells truck parts said the Sixth Circuit incorrectly interpreted a tax code provision that could prevent it from benefiting from an excise tax exemption for thousands of highway tractors it rebuilt and re-sold over several years.

Fitzgerald Truck Parts & Sales LLC told a US Court of Appeals for the Sixth Circuit panel that its earlier opinion “misapprehends” an important issue of its argument about the tax exemption it’s seeking for tractors it re-built and re-sold. That concerns whether the tractors had been sold in tax-exempt transactions the first time they changed hands; the circuit had determined ...