arrow_back Trending Legislation
Share share

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.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Strengthening Supply Chains Through Truck Driver Incentives Act of 2023
Print number: HR 2450
Sponsor: Rep. Spanberger, Abigail Davis [D-VA-7]
Process start date: 2023-03-30