No glider rockers we heard about were mentioned more than the Luca, which came recommended by four experts we spoke to. All rights reserved.Movement: Gliding base, with optional swivel | Accessories: Lumbar pillow, optional gliding ottoman | Style: Customizable/made to order | Safety: GREENGUARD Gold Certified Benzinga does not provide investment advice. Menzies Acquisition Secures Foothold In Canadian Air Freight Market Small Fleets Continue To Lag Behind Larger Peers In ELD Compliance However, a government watchdog recently concluded that the U.S Environmental Protection Agency used valid testing procedures in finding that glider kits do pollute more than new trucks. Many of the glider trucks manufactured by Fitzgerald and its competitors are purchased by smaller carriers and independent owner-operators that can't afford the cost of a new truck, which can cost up to $200,000 or more.įitzgerald had commissioned a study in 2017 with Tennessee Technological University that found glider engines do not pollute any more than modern systems from original equipment manufacturers. When contacted for a response, a lawyer for Fitzgerald cited an opinion filed in the case by district judge Waverly Crenshaw denying previous motions by the government to dismiss Fitzgerald's complaint. "Under the circumstances, requiring to pay almost $65 million in excise taxes, penalties and interest would cause to suffer an unconscionable injury and undue hardship." Justice Department's tax division maintained that for most of Fitzgerald's allegations, the government lacked "information sufficient to form a belief about the truth" of them or denied them outright. In a response and counterclaim filed with the district court on July 29, however, attorneys with the U.S. "Rather than revoke or modify those prior rulings and other published guidance which contradict its new position, the IRS waited until 2017 to inform the public of its new position in a nonbinding and cryptic notice."įitzgerald also claimed it had mediated a settlement in October 2016 for the back taxes, but that government officials later withdrew the settlement. "After decades of telling and other taxpayers that gliders can qualify for the safe harbor.in 2014 the IRS decided to target the glider industry, and specifically, and reversed its position in secret, without any public announcement," the company alleged in its complaint. Internal Revenue Service (IRS) beginning in 1991. The company based that assertion on the results of multiple prior tax audits on Fitzgerald by the U.S. District Court for the Middle District of Tennessee in February after being notified it owed more than $64 million in tax assessments spanning three years, from 2012-14.įitzgerald argued before the court that because its costs and profits in assembling a glider kit (typically consisting of, among other things, a cab, frame, steering gear, front axle, front wheels and tires) doesn't exceed 75 percent of the retail price of a new highway tractor, it is entitled to a "safe harbor" exception to a federal 12 percent excise tax imposed on new highway tractors. government disputing the original charges.Ĭrossville, Tennessee-based Fitzgerald, one of the country's largest manufacturers of refurbished highway tractors, took the government to the U.S. A tax bill owed by Fitzgerald Glider Kits has ballooned to $83 million despite a complaint filed by the company against the U.S.
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