HVUT
HVUT is the Heavy Highway Vehicle Use Tax collected annually for operating heavy vehicles on public highways at registered gross weights equal to 55,000 pounds or more.
The American Transportation Research Institute (ATRI), a part of the American Trucking Associations (ATA), published the following report on how the trucking industry relates to New Hampshire’s economy:
Here's what the New Hampshire Trucking Association has to say about how the trucking industry relates to the economy.
During 2011, New Hampshire's trucking industry offered 26,600 jobs or one out of 19 in the state. New Hampshire's total trucking industry wages paid in 2011 exceeded $1.2 billion, with an average annual trucking industry salary of $44,901. In MAy 2011, the Bureau of Labor Statistics (BLS) of the United States reported that truck drivers, heavy, tractor-trailer and light delivery drivers, held 10,280 jobs with a base annual salary of$36,110.
In 2012, New Hampshire had over 3,690 small and locally owned trucking companies served by a wide range of large and small supporting businesses.
Over 92% of New Hampshire communities move their goods exclusively on trucks. Trucks transported 98% of the state's total manufactured tonnage in 2010 or 110,303 tons per day.
In 2009, New Hampshire's trucking industry paid approximately $135 million in federal and state roadway taxes. The industry paid 33% of all taxes and fees owed by New Hampshire motorists, despite trucks representing only 7% of the state's vehicle miles traveled.
In January 2014, a standard five-axle tractor-semitrailer combination paid $4,232 in state highways use tax in addition to $8,906 in federal use tax. These taxes were over and above the usual taxes paid by New Hampshire's businesses.
In 2008, New Hampshire had 16,005 miles of public roads over which all motorists traveled 13 billion miles and the Truckers traveled for 0.9 billion miles.
*Manufactured tonnage data provided by IHS Global Insight
HVUT is the Heavy Highway Vehicle Use Tax collected annually for operating heavy vehicles on public highways at registered gross weights equal to 55,000 pounds or more.
Interstate truckers who operate in states other than their base state requires a permit to enter into other member jurisdictions. Find more information on New Hampshire's trucking permits like Oversize and Overweight Permits, Temporary Trip and Fuel Permits.
IFTA is the International Fuel Tax Agreement signed between the Canada provinces and the low states of the United States to lessen the burden of fuel reporting for the carriers who operate their qualified vehicle in more than two IFTA jurisdictions.
Find additional information and helpful links here on New Hampshire's trucking industry.
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