v3.26.1
Income Taxes
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE G – Income Taxes

The Company’s effective income tax rate for the first quarter of 2026 was 25.1% compared to 23.0% for the first quarter of 2025, reflecting changes in the state tax expense during 2026 as compared to 2025.

The Company is included in the consolidated federal income tax return of PACCAR. Federal income taxes for the Company are determined on a separate return basis. State income taxes, where the Company files combined tax returns with PACCAR, are determined on a blended statutory rate, which is substantially the same as the rate computed on a separate return basis.