Senate Bill to Repeal FET

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, 9 Democrats and 6 Republicans, and is under review in the House Committee on Ways and Means.

Today, Senator Cory Gardner (R-CO), introduced similar legislation in the U.S. Senate (S.1839).

NTDA will continue to monitor this legislation and keep its members informed.

NTDA is a member of the Modernize the Truck Fleet (MTF) coalition, which is supporting these efforts The group was formed earlier this year. Members also include the American Truck Dealers, National Tank Truck Carriers, NTEA—The Association for the Work Industry, Truck Renting and Leasing Association, and the Truck and Engine Manufacturers Association. NTDA members and others can donate to the MTF coalition to repeal FET here.