ATA wraps successful year with increased tax savings for Alabama truckers
Monday, December 14, 2015
Posted by: Frank Filgo
Trucking fleet owners always keep a keen eye on their business’ bottom line. One frequently used measurement of performance is the Return on Investment (ROI), which quantifies the amount of return on investment relative to the investment’s cost. Companies with a high ROI are those that have made wise and profitable business decisions.
As we close out the 2015 calendar year, I am pleased to inform you that your 2015 ATA member dues investment yielded an above average ROI.
ATA members’ dues are determined by a company’s annual revenue. Dues range from as little as $500 to $3,000 per annum for domiciled motor carriers. Regardless of the amount of your company’s ATA annual dues, members experienced a high ROI.
Your 2015 ATA membership dues investment costs produced the following gains:
- ATA settled its suit against the Dept. of Revenue which replaced the MSRP with a fair market price for assessment of property taxes of newly purchased vehicles. Your savings: $383 per new truck purchased.
- Based on member complaints, ATA alerted the Dept. of Revenue as to its incorrect valuation of used trailers resulting in the recalculation of 2015 property taxes to be paid on permanent trailer tags. Savings: $13 per trailer.
- During the 2015 Legislative Sessions, ATA was able to carve out interstate motor carriers from the 2 percent increase in sales tax for vehicles. Savings: $2,600 based on the purchase of a new truck value of $130,000.
- ATA opposed the bill increasing the vehicle lease tax from 1.5 to 2 percent. Savings: $125 per truck.
The 2015 increases follow the benefits realized from another court suit won in 2014 which apportioned the property taxes on trucks resulting in a $400 gain per truck. These gains are to be realized on a reoccurring annual basis.
Accordingly, for a $1,200 ATA membership dues investment, a carrier consisting of 59 trucks with a 4-year trade cycle running permanent tags gained $62,481 FY2015. Gains for FY2014 were $23,600.
As many as 673 companies have made dues investment in the Alabama Trucking Association. The mission at ATA is to ensure that its member companies yield a prosperous return.