Although, in the United States, there are federal departments to charge road tax from the commercial vehicles maneuvering on state and national highways. But some states still charge their own road taxes, supplementary to the state taxes, from the commercial vehicles, or the private vehicles of some specific categories, maneuvering on their state highways. Kentucky is one such state. In this blog, I am going to enlighten you about the supplementary road tax that the state of Kentucky charges from travelers traveling on their state highways, also called Kentucky permit, what are its key point, and how Global Multi Services is the best place for Kentucky Filing and other trucking permits.
What is Kentucky Permit?
Kentucky Permit enables you to pay Kentucky Highway Use Tax. According to this Kentucky Permit, all the vehicles that weigh a gross vehicle weight of 60,000 pounds and more, operating on the state highways of Kentucky, are entitled to pay tax, supplementary to other federal taxes, based on their vehicle weight and distance traveled within the borders of Kentucky. It is not like that this rule is just for those who are registered in Kentucky as their base jurisdiction, even those who are not registered in Kentucky but travel interstate and use the state highways of Kentucky, are also entitled to pay this tax. In order to apply for a Kentucky permit, and get your Kentucky Highway Use Tax License, you have to show your USDOT number along with an active operating authority and Unified Carrier Registration License. This gives the Kentucky authorities assurance that you are a licensed and registered motor carrier.
How to be biddable with the requirements of Highway Use Tax
Some states that charge their own highway taxes, make their taxpayers sign a bond which gives the state surety that no matter what they will receive their taxes, and the state of Kentucky is no different. Those who file for Kentucky Highway Use tax have to sign a Kentucky Highway Use Tax Bond. The Highway Use Tax bond works as a kind of extra protection for the state. If you have signed the Kentucky Highway Use Tax bond, you get financial backing from a surety provider who pays for you in an unfortunate circumstance when you fail to file the taxes to the states. But still, you will be liable for reimbursement later. The amount that you have to sign the bond for is based on your fleet size, or how many vehicles of the concerned category you own, and depending on that the bond amount could vary from $1000 to $50000.
Why choose Global Multi Services
Isn’t it better to have all your services from just one service provider instead of roaming to different service providers and different offices for specific services? Global Multi Services is the one-stop for all the trucking permits and trucking services. At Global Multi Services, the experts that provide Kentucky Permits and do Kentucky Filing, along with many other trucking services, are very profound and skilled at their jobs.