73,000 lb Truck Tax in South Dakota

Understanding Form 2290 for Heavy Vehicles in South Dakota

If you operate a heavy vehicle with a gross taxable weight of 73,000 pounds in South Dakota, you are likely subject to the Heavy Vehicle Use Tax (HVUT) and required to file Form 2290 with the Internal Revenue Service (IRS). This guide provides detailed information specifically tailored for truckers in South Dakota operating vehicles of this weight class.

What is Form 2290? Form 2290, officially titled the “Heavy Highway Vehicle Use Tax Return,” is used to report and pay the HVUT. This tax applies to vehicles operating on public highways with a taxable gross weight of 55,000 pounds or more. The tax is used to fund highway construction and maintenance projects.

Specifics for a 73,000 lb Truck

A truck weighing 73,000 pounds unequivocally falls under the purview of Form 2290. The tax rate is determined by the vehicle's taxable gross weight. The tax is typically due annually, covering the period from July 1st to June 30th. For vehicles first placed in service after July, the tax is pro-rated based on the month of first use.

Tax Rate Calculation: The HVUT rate for vehicles in the 73,000-pound weight category is determined by a base amount plus an additional amount for each 1,000 pounds (or fraction thereof) over a specific weight threshold. For vehicles weighing 55,000 pounds to 75,000 pounds, the 2023 tax rate is $100, plus $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. So, for a 73,000-pound truck, the calculation would be:

• Base amount: $100
• Weight over 55,000 lbs: 73,000 - 55,000 = 18,000 lbs
• Number of 1,000 lb increments: 18,000 / 1,000 = 18
• Additional tax: 18 * $22 = $396
• Total tax: $100 + $396 = $496

Therefore, the HVUT for a 73,000-pound truck in South Dakota is $496 for the period of July 1 to June 30.

Filing Requirements and Deadlines

You must file Form 2290 and pay the HVUT by August 31st of each year for vehicles that are in use during July. If you place a vehicle in service after July, you must file by the last day of the month following the month the vehicle was first used on public highways. You can file Form 2290 either electronically (e-file) or by mail. The IRS highly recommends e-filing, especially for those filing for 25 or more vehicles, as it is more efficient and secure.

How to File Form 2290

You can file Form 2290 through the following methods:

• E-file: This is the IRS's preferred method. You'll need to use an IRS-approved e-file provider.
• Mail: You can download Form 2290 from the IRS website, complete it, and mail it to the address listed on the form.

Required Information

When filing Form 2290, you will need the following information:

• Your Employer Identification Number (EIN). Note: A Social Security Number (SSN) cannot be used.
• The vehicle identification number (VIN) for each vehicle.
• The taxable gross weight of each vehicle.
• The month the vehicle was first used on public highways during the tax period.

South Dakota Considerations

While Form 2290 is a federal tax, understanding South Dakota's specific regulations related to trucking is crucial. Ensure compliance with state-specific requirements for registration, permits, and other operational aspects. Contact the South Dakota Department of Revenue for any state-specific trucking tax information.