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Revision as of 17:38, 15 May 2026
The HVUT, or Heavy Vehicle Use Tax, is a year by year tax paid by truck drivers or owners of trucking companies. It is applicable to drivers operating large vehicles on our nation's highway, and a number of the money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new works of art.
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B) Interest earned, however, not paid, throughout a bond year, must be accrued at the end of the bond year and reported as taxable income for your calendar year in that the bond year ends.
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