It's not the first time there's been an attempt to repeal the 12% federal excise tax, but today's focus on supply chain problems and emissions brings new urgency.
Groups like ATA, NPTC, MEMA and others signed a letter sent to Congress that argues for repeal of the Federal Excise Tax on the sale of new heavy-duty trucks and trailers.
A coalition of commercial truck dealers, trade association executives and other trucking industry stakeholders rallied on Capitol Hill on June 19, to urge congressional support for legislation repealing the federal excise tax.
Representatives Doug LaMalfa (R-CA) and Collin Peterson (D-MN) have introduced a bill, H.R. 2381, that aims to repeal the federal excise tax and was applauded by several truck dealer associations that have been actively pushing for its removal.
President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.
A bipartisan push is under way in Congress to extend through this year certain tax credits that promote the adoption of alternatively powered vehicles.
NTEA The Association for the Work Truck Industry has submitted comments to the Internal Revenue Service about their proposed regulations governing the Federal Excise Tax (FET) on heavy trucks, tractors, and trailers.
Sen. Cory Gardner introduced Senate Concurrent Resolution 40, expressing opposition toward increasing the 12% Federal Excise Tax (FET) on heavy trucks and truck bodies.
ARLINGTON VA – A bill introduced in the U.S. House of Representatives on March 29 would, if passed by Congress, repeal the 12 percent federal excise tax on truck and trailer purchases.
Last year, the U.S. Congress granted an exemption from the 12-percent federal excise tax for truck idle reduction systems. Recently, the Environmental Protection Agency (EPA) released a list of approved idle reduction systems eligible for the federal excise tax exemption. The exemption applies to sales and installation of these systems since Oct. 4, 2008.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
