Alaska passes tax on new tire sales
AKRON-Alaska has passed a bill that taxes new and studded tires and earmarks the revenues for the state general fund.
The bill passed both houses of the state legislature in May and is awaiting a signature from Gov. Frank Murkowski, who is expected to sign it, according to Dick Nordness, executive director of the Northwest Tire Dealers Association. The bill would impose a $2.50 tax per tire on the retail sale of new tires for motor vehicles designated for highway use and a $5 tax per tire for studded tires having studs weighing 1.1 grams each or less.
Once signed, the bill would go into effect July 1, 2004. Tire dealers will collect the fees and remit them to the state. Dealers would keep 5 percent of the total amount gathered to cover collection costs.
Goodyear expands B2B Web site
AKRON-Goodyear, Dunlop and Kelly dealers can have round-the-clock access to Goodyear through the tire maker's next generation business-to-business Web site.
The company has introduced www.tire-hq.com as a successor to XPLOR, its original e-business tool. Since launching XPLOR five years ago, Goodyear said more than 8,000 users at 10,000 business locations used the software. Dealers with an existing XPLOR account will be able to use Tire-HQ.
The software allows dealers to check tire availability, place orders, review order status and receive marketing communications.
Former Penske exec joins Big O
ENGLEWOOD, Colo.-Jim Wheat, former CEO and president of Penske Auto Centers Inc., has joined Big O Tires Inc. as a divisional vice president.
Mr. Wheat, who joined Big O June 14, oversees the firm's Northern and Southern California divisions as well as some Big O stores in Las Vegas. He currently is based in that city.
He replaced Roger Penske Jr. as president and CEO of Penske Auto Centers in 1998, a position he held until the dealership closed in 2002 following Kmart Corp.'s filing for bankruptcy protection.
Ore. may counter SUV write-off
SALEM, Ore.-The Oregon Senate is considering a bill that would require small business owners to report triple the amount of their federal tax write-offs for sport-utility vehicles as state income, according to a Reuters report.
Sponsors say the bill would not only help the state pay down its $2 billion budget shortfall but would encourage small businesses to buy vehicles that pollute less and use less fuel. Only farmers and construction workers would be exempt.
For the past few years, small businesses have been able to include SUVs among the equipment they can expense up to $25,000 on their taxes in the first year. In the new federal tax cut package, that amount was quadrupled to $100,000.
Duro moves HQ to Covington, Ga.
COVINGTON, Ga.-Duro Tire & Wheel Inc./Hwa Fong Rubber (USA) Inc. has moved its headquarters to Covington from Springboro, Ohio, where it had been headquartered since 1992.
Duro President Marshall Lu and some accounting personnel relocated earlier this year to Covington, where the firm operates a 102,000-sq.-ft. wheel manufacturing and tire/wheel assembly plant that opened three years ago. The 60,000-sq.-ft. Springboro site continues to do business as a warehouse and tire/wheel assembly point.