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Revision as of 03:33, 22 September 2024
The HVUT, or Heavy Vehicle Use Tax, is a yearly tax paid by truck drivers or owners of trucking companies. It applies to drivers operating automobiles on our nation's highway, and use many of the money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new creations.
B) Interest earned, except for paid, during a bond year, must be accrued at the conclusion of the bond year and reported as taxable income for that calendar year in that your bond year ends.
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