Truck Renting and Leasing Association Works for Legal Changes

Motor vehicle lease and rental contracts in New Mexico are now to include broad form indemnification clauses, according to Truck Renting and Leasing Association(TRALA) press materials.

The bill, which was signed into law April 4 by New Mexico Governor Bill Richardson, includes an amendment introduced by TRALA that exempts motor vehicle lease contracts from the prohibitions in the legislation.

The original bill that was introduced earlier this year was void of the TRALA amendment and would have prohibited all lease contracts from including such clauses.

In a separate issue, TRALA also recently announced its support of the passage of legislation in Connecticut that would exempt maintenance and repair costs on trucks over 26,000 pounds from sales tax.

The bill would exempt both parts and labor on Class 7 and 8 trucks from sales tax. Currently, trucks with a GVWR over 26,000 pounds used in interstate commerce are exempt from sales and use tax in Connecticut, but repairs on those trucks are not exempt.

Surrounding states – Maine, New Jersey, New York and Rhode Island – all offer sales tax exemptions for some or all of the maintenance costs on heavy-duty trucks.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Who Controls Your Vehicles’ Data?

In the name of security, an automaker’s alliance is advocating denial of third-party access to the OBD-II port. Is this going too far?

Job Finder: Access Top Talent. Fill Key Positions.

>