{{norefs, date=July 2025
A term that appeared on automotive bills of sale prior to the 1971. It appeared as the
initialism
An acronym is a type of abbreviation consisting of a phrase whose only pronounced elements are the initial letters or initial sounds of words inside that phrase. Acronyms are often spelled with the initial letter of each word in all caps wi ...
E.O.H. and referred mostly to the
excise tax
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when ...
on automobiles built for
highway
A highway is any public or private road or other public way on land. It includes not just major roads, but also other public roads and rights of way. In the United States, it is also used as an equivalent term to controlled-access highway, or ...
use and was used to pay for the expanding highway system. It also referred to operating overhead in selling the vehicle and handling charges.
During the 50s the tax was 10% of the wholesale price of the vehicle and was used for highway construction. It was reduced to 6 and 7% during the 60s and then repealed in 1971.
There was also a 2.5% dealer holdback that was paid to the dealer from the factory when the car was sold.