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Tax Credit for Truck Drivers: Strengthening Supply Chains

This bill introduces a new tax credit for commercial truck drivers, aiming to strengthen supply chains. Eligible drivers can receive a refundable tax credit of up to $7,500, with new drivers potentially receiving up to $10,000. This initiative seeks to encourage more individuals to enter the trucking profession and improve goods availability.
Key points
Commercial truck drivers holding a valid Class A CDL may qualify for a $7,500 tax credit.
New truck drivers, not employed in the industry in the prior year, could receive a $10,000 tax credit.
Eligibility requires working at least 1900 hours annually (or an average of 40 hours per week for new drivers) and meeting income thresholds.
The program is set to expire at the end of 2024, with credit amounts adjusted for inflation annually.
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Additional Information
Print number: 118_HR_2450
Sponsor: Rep. Spanberger, Abigail Davis [D-VA-7]
Process start date: 2023-03-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Strengthening Supply Chains Through Truck Driver Incentives Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2450.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-30.

What are the main provisions?

Key points include:

  • Commercial truck drivers holding a valid Class A CDL may qualify for a $7,500 tax credit.
  • New truck drivers, not employed in the industry in the prior year, could receive a $10,000 tax credit.
  • Eligibility requires working at least 1900 hours annually (or an average of 40 hours per week for new drivers) and meeting income thresholds.
  • The program is set to expire at the end of 2024, with credit amounts adjusted for inflation annually.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Spanberger, Abigail Davis [D-VA-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Taxes Transport Labor