Prime Inc., a trucking firm based in Springfield, Mo., is suing New York Gov. Andrew Cuomo and his taxation department over two highway trucking taxes that were eliminated in state budget talks, according to the Times Union in Albany, N.Y.
Prime, run by Missouri businessman Robert Low, is taking aim at the $15 certificate of registration and the $4 highway use tax decal that previously had to be purchased for trucks operating in New York state. The company, which has 6,300 tractor units, claims about $1 billion in annual revenue and is one of the top trucking firms in the U.S.
Cuomo is actually reducing the fees for out-of-state trucks, down to $1.50. They had recently been ruled unconstitutional by a state court after a class action lawsuit was filed against the state by the Owner-Operator Independent Drivers Association.
The change in the $19 in taxes is expected to cost the state $50 million in revenue.
The Prime lawsuit seeks to recoup previous payments to the state under the two taxes.
To read more, click here.