The push to decarbonize the trucking industry and reduce pollution could lend momentum to the latest attempt to repeal the federal excise tax on new trucks.
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.
Steve Bassett, dealer principal of General Truck Sales in Muncie, Indiana, took the helm of the American Truck Dealers as chairman during the 2020 ATD Show in Las Vegas.
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.
American Truck Dealers chairwoman Jodie Teuton announced the launch of a new coalition of trucking industry stakeholders that aims to repeal the federal excise tax on commercial truck sales.
A bill introduced in the Senate on June 12 is the latest attempt to repeal the 12% federal excise tax (FET) on the sale of heavy-duty trucks and trailers.
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