Heavy Truck Federal Excise Tax (Repeal Proposals)
Current understanding
A 12% federal excise tax applies to the first retail sale of heavy trucks, trailers, and tractors, with revenues deposited into the Highway Trust Fund. HR2424 (Modern, Clean, and Safe Trucks Act of 2025) proposes to repeal this tax, which would reduce costs for heavy-vehicle purchasers (fleets, owner-operators, dealers) while removing a dedicated revenue stream from the Highway Trust Fund. Status: introduced.
Evidence log
- 2026-06-02 — Modern, Clean, and Safe Trucks Act of 2026: Senate companion/successor bill ‘Modern, Clean, and Safe Trucks Act of 2026’ introduced and referred to the Committee on Finance, indicating continued bicameral interest in repealing the 12% heavy truck excise tax. (novelty: 2)