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09-17-2009, 08:45 AM | #10 |
Junior Member
Join Date: Nov 2005
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Re: Towing In North Carolina
The Federal Motor Carrier Safety Regulations manual under 390.3(f)(3)
Exceptions. The occasional transporation of personal property by individuals not for compensation nor in furtherance of a commercial enterprise; Further research will find this. Question 21; Does the exemption in 390.39(f)(3) for the occasional transportation of personal property by individules not for compensation nor in furtherance of commercial enterprise apply to persons who occasionally use CMV's to transport cars, boats,horses, ect., to race, tournaments shows or similar events, even if prize money is offered at these events? Guidance: The exemption would apply to this kind of transportation, provided; (1) The underlying activities are not undertaken for profit, i.e., (a) prize money is declared as ordinary income for tax purposes,and (b) the cost of the underlying activities is not deducted as a business expense for tax purposes; and where relevant;(2) corporate sponsorship is not involved. Drivers must confer with their State licensure to determine the licensing provisions to which they are subject. Hope this helps you. Mike |
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