Heavy Truck Federal Excise Tax Repeal (HR2424)
Current understanding
The Modern, Clean, and Safe Trucks Act of 2025 (HR2424) proposes to repeal the 12% federal excise tax (FET) imposed on the first retail sale of heavy trucks, trailers, and tractors. The tax currently flows into the Highway Trust Fund, so repeal would eliminate a dedicated revenue stream used for surface transportation funding. Status: introduced.
Evidence log
- 2025-03-06 — Guaranteeing Overtime for Truckers Act: cross-connection with guaranteeing-overtime-for-truckers-act: Both are pending legislative proposals affecting the economics of the trucking industry, from opposite sides (labor cost vs. equipment cost). (novelty: 2)