Ends a 12% federal tax on new heavy trucks and trailers, making them thousands cheaper.
This bill would end the 12% federal retail excise tax on new heavy trucks, tractors, and trailers. This tax currently adds thousands of dollars to the cost of these vehicles. This makes it harder for businesses and truck owners to buy newer, more fuel-efficient, and safer models. While this change would make new trucks more affordable and encourage upgrades, it would also remove a source of money for the Highway Trust Fund.
Today, buying a new heavy truck, tractor, or trailer means paying an extra 12% federal excise tax. This adds $7,000 to $50,000 or more to the price. If this bill becomes law, that 12% tax would be gone, making new trucks significantly cheaper upfront. This would encourage more people to buy newer, cleaner, and safer vehicles, but it would also remove a source of funding for the Highway Trust Fund.
HR 2424 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
Sign in to see your representatives' phone numbers
22 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.