Posted on May 10, 2019 in
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Comments Off on Lawmakers introduce bill to repeal Federal Excise Tax on new trucks
Two members of the US House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers. Reps. Doug LaMalfa (R-Calif.) and Collin Peterson (D-Minn.) led a bipartisan effort on April 29 to unveil the Modern, Clean, and Safe Trucks Act of 2019, which would repeal the tax. The lawmakers emphasized in...