HOME FORUM RULES CONTACT
     
   
   

Go Back   CLASS RACER FORUM > Class Racer Forums > Stock and Super Stock
Register Photo Gallery FAQ Community Calendar

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 05-12-2016, 03:20 PM   #11
Rob Petrie E395
VIP Member
 
Join Date: Dec 2007
Location: Woodlawn IL
Posts: 1,092
Likes: 162
Liked 216 Times in 77 Posts
Default Re: At what point do you need a DOT# and a CDL?

Its actually 390.3 (F)(3) Question 21 under guidance. The very last sentence and what your local DMV. Secertary of State what have you. Has to say is the most important. MAKE SURE YOU READ THAT LAST SENTENCE. Like alot of FMC regs. Its the loophole in the noose that they will use to hang you.


Question 21: Does the exemption in §390.3(f)(3) for the "occasional transportation of personal property by individuals not for compensation nor in the furtherance of a commercial enterprise" apply to persons who occasionally use CMVs to transport cars, boats, horses, etc., to races, 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 of licensure to determine the licensing provisions to which they are subject.

Last edited by Rob Petrie E395; 05-12-2016 at 03:30 PM.
Rob Petrie E395 is offline   Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 03:16 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Copyright Class Racer.com. All Rights Reserved. Designated trademarks and brands are the property of their respective owners.