71,000 lb Truck Tax in Arkansas

Understanding Form 2290 for a 71,000 lb Truck in Arkansas

As a truck owner or operator in Arkansas with a vehicle weighing 71,000 pounds, you're likely subject to the Heavy Vehicle Use Tax (HVUT) and required to file Form 2290 with the IRS. This comprehensive guide provides detailed information on navigating the 2290 process, specifically for a truck of this weight class operating within Arkansas.

The Heavy Vehicle Use Tax (HVUT) is an annual tax assessed on heavy highway vehicles operating on public roadways with a taxable gross weight of 55,000 pounds or more. The tax revenue generated from Form 2290 is used to fund highway infrastructure projects across the United States.

Determining Your Tax Liability

For a vehicle with a taxable gross weight of 71,000 pounds, the HVUT is calculated based on a tiered system. The base rate for vehicles 55,000 pounds and over is $100, plus an additional $22.00 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. Therefore, for your 71,000 lb truck, the calculation is as follows:

• Base Tax: $100.00
• Excess Weight: 71,000 lbs - 55,000 lbs = 16,000 lbs
• Tax per 1,000 lbs: $22.00
• Tax on Excess Weight: (16,000 lbs / 1,000 lbs) * $22.00 = $352.00
• Total HVUT Due: $100.00 + $352.00 = $452.00

Important Note: This is the federal HVUT. Arkansas itself does not have a separate HVUT, but you will still need to register your vehicle with the Arkansas Department of Finance and Administration and pay any applicable state registration fees. The 2290 is a federal tax, irrespective of the state.

Filing Form 2290

The filing period for Form 2290 typically runs from July 1st to August 31st of each year. If you place a new vehicle into service after July, you must file Form 2290 by the last day of the month following the month the vehicle was first used on public highways. For example, if you start using your 71,000 lb truck in Arkansas on September 15th, you must file Form 2290 by October 31st.

You can file Form 2290 either electronically (e-file) or by mail. The IRS strongly encourages e-filing, as it is faster, more accurate, and provides immediate proof of filing in the form of a stamped Schedule 1. Several IRS-approved e-file providers are available, offering varying levels of service and pricing.

Required Information for Form 2290

When filing Form 2290, you'll need the following information:

• Your Employer Identification Number (EIN). A Social Security Number (SSN) cannot be used.
• Your Vehicle Identification Number (VIN) for each vehicle.
• The taxable gross weight of each vehicle.
• Your business name and address.

After filing Form 2290 and paying the HVUT, you'll receive a stamped Schedule 1 from the IRS. This document serves as proof that you've paid the HVUT and is required for vehicle registration in Arkansas. Keep a copy of your Schedule 1 in your vehicle at all times.

Exemptions and Suspensions

Certain vehicles and operations may be exempt from HVUT or eligible for a suspension of the tax. Common exemptions include:

• Vehicles used exclusively for farming purposes and travel less than 7,500 miles on public highways.
• Vehicles owned and operated by state or local governments.
• Certain blood collector vehicles.

A suspension of the HVUT may apply if you expect the vehicle to be used for 5,000 miles or less during the tax year (7,500 miles for agricultural vehicles). If the mileage limit is exceeded, you must file Form 2290 and pay the tax.