excise tax
US Senators Introduce Bill to Repeal Excise Tax on New Trucks
New Mack trucks at a Legacy Truck Centers in Somerset, Pa. Experts say the tax could add up to $21,000 to the cost of a new truck or trailer. (Legacy Truck Centers Inc.)
Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry.
July 26, 2021Perspective: Pivotal Opportunity to Repeal FET
Congress and President Joe Biden are currently focused on improving America’s infrastructure, with a key sticking point being how to pay for the improvements. This debate presents an opportunity for Congress to finally resolve funding for the insolvent Highway Trust Fund by replacing antiquated funding mechanisms — such as the federal excise tax on heavy-duty trucks and trailers — with solutions that are more reflective of today’s transportation landscape.
June 21, 2021Freight Stakeholders Press for Excise Tax Suspension
New trucks sit on a sales lot in Kentucky. The groups say the excise tax adds an average of $22,000 to the cost of a new truck or trailer. (John Sommers II for Transport Topics)
A sector within the transportation community is asking the leadership on Capitol Hill to suspend a tax on the purchase of new trucks as part of a pandemic-related economic aid measure.
September 22, 2020House Lawmakers Push Suspension of 12% Tax on New Trucks, Trailers
Legacy Truck Centers video via Facebook
A group of lawmakers is calling on House leaders to temporarily suspend an excise tax on new trucks as part of the next phase of COVID-19 stimulus assistance.
July 21, 2020Perspective: Federal Excise Tax Relief Can Aid Recovery
The coronavirus pandemic has changed the world. In the United States it altered the way our country operates and wreaked havoc on American businesses, but leaders in Washington responded with actions that helped mitigate the damage. I applaud these efforts and am confident that our economy will bounce back. But the work is not done.
June 15, 2020Excise Tax Relief Would Benefit Trucking, ATA’s Chris Spear Says
International trucks sit on the sales lot at Rechtien International Trucks in Miami. (Rechtien International Trucks)
Federal policymakers crafting additional ways to restore economic stability amid the COVID-19 pandemic should consider suspending a World War I-era federal excise tax on the sale of new trucks and trailers, a coalition of freight stakeholders said April 28.
April 28, 2020Trucking Stakeholders Ask Congress to Repeal the 12% Federal Excise Tax on Trucks, Trailers
Trucking industry stakeholders say the 12% federal excise tax discourages heavy-duty truck owners from buying new trucks that are equipped with better technology and safety features. (Getty Images)
A group of trucking stakeholders asked Congress to repeal the 12% federal excise tax on the purchase of heavy-duty trucks, tractors and trailers.
August 1, 2019Coalition Pushes for Federal Excise Tax Repeal on New Trucks
The coalition brought a World War I-era truck and a modern truck to Capitol Hill to illustrate the differences. (Modernize the Truck Fleet coalition via YouTube)
A group of stakeholders is pushing for the congressional repeal of the federal excise tax on the sale of heavy-duty trucks and trailers. At a forum June 19, the Modernize the Truck Fleet coalition urged federal lawmakers to pass the Modern, Clean, and Safe Trucks Act of 2019.
June 25, 2019Perspective: Repealing the Federal Excise Tax to ‘Modernize the Truck Fleet’
More than 100 commercial truck dealers, trade association executives and trucking industry stakeholders will descend on Washington the week of June 17 to urge members of Congress to co-sponsor the Modern, Clean and Safe Trucks Act of 2019.
June 11, 2019Lawmakers Introduce Bill to Repeal Federal Excise Tax on New Trucks
John Sommers II for Transport Topics
Two members of the U.S. House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers.
May 7, 2019