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Repealing Heavy Truck Tax to Promote Cleaner, Safer Vehicles

This bill eliminates the 12% Federal retail excise tax on new heavy trucks and trailers. The goal is to significantly reduce the upfront cost of modern vehicles, encouraging trucking companies to replace older, less fuel-efficient, and more polluting trucks. This change aims to accelerate the adoption of cleaner technologies, including electric trucks.
Key points
Eliminates the 12% federal tax, saving buyers $12,000 to $22,000 per new heavy truck purchase.
Encourages faster fleet modernization, leading to improved road safety and reduced air pollution from older vehicles.
Reduces the financial barrier for adopting electric and alternative-fueled trucks, supporting the transition to zero-emission vehicles.
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Expired
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Additional Information
Print number: 118_S_694
Sponsor: Sen. Young, Todd [R-IN]
Process start date: 2023-03-08
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Modern, Clean, and Safe Trucks Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_694.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-08.

What are the main provisions?

Key points include:

  • Eliminates the 12% federal tax, saving buyers $12,000 to $22,000 per new heavy truck purchase.
  • Encourages faster fleet modernization, leading to improved road safety and reduced air pollution from older vehicles.
  • Reduces the financial barrier for adopting electric and alternative-fueled trucks, supporting the transition to zero-emission vehicles.
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 Sen. Young, Todd [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Transport Environment