On June 14, 2019 Senator Cory Gardner (R-CO), introduced legislation in the U.S. Senate (S.1839) to repeal the 12% federal excise tax on heavy trucks and trailers.
In April, H.R. 2381, the “Modern, Clean, and Safe Trucks Act of 2019,” was introduced in the U.S. House of Representatives. This is the legislation that seeks to officially “amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.” Meaning, if passed, it would repeal the 12% excise tax on the retail sale of heavy trucks and trailers. Passage is by no means certain. At present, the proposed bill has 15 Congressional sponsors, nine Democrats and six Republicans, and is under review in the House Committee on Ways and Means.
The NTDA will continue to monitor this legislation and keep its members informed. Contact your Congressmen and Senators to support repeal of the FET. For more information, visit https://ntda.org/advocacy/ or https://ntda.org/advocacy/fet-repeal/.
The NTDA is a member of the Modernize the Truck Fleet (MTF) coalition, which is supporting repeal efforts. The group was formed earlier this year.