Supreme Court Skips Truck Maker’s $500 Million Excise Tax Case

The US Supreme Court declined Monday to review a Tennessee trucking business’s request for another trial over whether it’s entitled to an excise tax break, leaving the company with limited options in its fight against a $500 million tax bill.

The court’s decision denies Fitzgerald Truck Parts and Sales LLC an opportunity to overturn a US Court of Appeals for the Sixth Circuit determination that effectively shut the company off from an exemption from excise tax for its re-built trucks that’s laid out in IRC Sections 4051(a) and 4052.

Under those provisions, new truck sales are subject to a ...