![]() ![]() “While new commercial trucks are the safest they have ever been, these new safety systems are expensive. “New truck buyers can choose from an array of high-tech safety technologies, such as automatic emergency braking, adaptive cruise control with braking, lane departure warning and lane-keeping assist, forward collision mitigation, blind spot warning, traction control, tire-pressure monitoring and automatic tire inflation, automatic wipers and headlamps, and side airbags for rollover. buses, trailers, chassis, bodies, and parts and is to be collected by the. Fet tax on trailers drivers#Trucking over the past decade has developed sophisticated new technologies to keep drivers and other road-users safe, the letter said. time in which the federal excise tax is imposed determine if the federal tax. “This tax, coupled with an estimated $40,000 in new federal environmental and safety mandates per vehicle, discourages the purchase of new, cleaner and safer heavy-duty trucks and trailers.” “The FET has risen 300% since then and now increases the cost of new heavy-duty trucks and trailers by $22,000 on average,” the letter said. The tax was first imposed in 1917 to help fund World War I, the letter said, but has since become the highest excise tax on a percentage basis levied by the federal government. Other groups signing the letter: National Tank Truck Carriers, National Trailer Dealers Association, American Truck Dealers, National Private Truck Council, Truck and Engine Manufacturers Association, and the Truck Renting and Leasing Association. “They’re far more likely to purchase used or older trucks with older technology that are not as fuel efficient or don’t achieve the air quality goals the government demands.” Doug LaMalfa (R-Calif.), one of the sponsors of the bill. “Most heavy-duty truck owners can’t afford a $20,000 tax bill per new truck, so they don’t buy them,” said Rep. The bipartisan legislation seeking to repeal the excise tax, the Modern, Clean, and Safe Trucks Act of 2019, was introduced in April. Most heavy-duty truck owners can’t afford a $20,000 tax bill per new truck, so they don’t buy them. The guidelines for the Federal Excise tax can be found by visi ng the enclosed website: Gross vehicle weight. “Repealing the tax would deploy new, cleaner and safer heavy-duty trucks and trailers by making them more affordable - particularly for small businesses,” read the letter, dated July 24. Senate and House of Representatives, 21 wide-ranging trade organizations, including American Trucking Associations, called the tax “outdated” and the “most inconsistent revenue source for the Highway Trust Fund over the past 20 years.” As a result, the average age of a truck on the road today is nearly ten years old.In a letter to top leaders in the U.S. ![]() We thank Senators Young and Cardin for their bipartisan leadership in advancing a common-sense solution to the benefit of American truckers and the motoring public.”Īlthough technological advances have made the latest tractor-trailers cleaner and safer than ever before, the FET creates a disincentive for motor carriers to modernize their fleets by placing a punitive surcharge on investments in new equipment. ![]() “By repealing this antiquated tax, Congress can deliver a win for the environment, highway safety, manufacturing jobs and supply-chain efficiency. “The federal excise tax on heavy trucks is a relic from the First World War that’s now serving to keep cleaner, safer trucks off of our nation’s roads today,” said Chris Spear, president and CEO of American Trucking Associations. The bipartisan legislation would repeal the 12% federal excise tax on heavy-duty trucks, which currently adds approximately $22,000 to the cost of a new tractor-trailer. Agricultural and Food Transporters Conferenceīipartisan bill would help modernize nation’s truck fleet by repealing 12% excise tax on new tractor-trailersĪrlington, Virginia - Today, the American Trucking Associations praised the introduction of the Modern, Clean, and Safe Trucks Act of 2021 by Senators Todd Young (R-Indiana) and Ben Cardin (D-Maryland). ![]()
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