News You Can Use

AN ALERT FROM RTA ABOUT THE PROPOSED ISSUE OF FEDERAL EXCISE TAX
ON CASINGS BOUGHT OR SOLD BY AMERICAN RETREADERS AND AMERICAN CASING DEALERS

An RTA retreader member called to our attention the issue of a proposed federal excise tax on casings sold and/or purchased by American retreaders and/or American casing dealers. His company had been contacted by an IRS Excise Tax Specialist who was looking for additional information.

We immediately contacted Roy Littlefield of the Tire Industry Association regarding this issue. The Tire Industry Association is very much aware of the issue and has a broad background about the history of the proposed Excise Tax on Casings.

Roy assured us that there should not be a problem and he suggested that any interested retreaders or casing dealers phone him to allow him to explain in more detail what the next step should be if you have been contacted by the IRS about this issue. Roy can be reached at 800-876-8372, ext. 108.

I hope the above information proves to be useful to your company.

HARVEY

*     *     *

THOUGHT FOR THE DAY

"Just do what must be done.
This may not be happiness,
but it is greatness."

~ George Bernard Shaw