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Federal

Modern, Clean, and Safe Trucks Act of 2023

Source: Congress.gov  ·  1,411 words in original text
This bill removes a federal tax on heavy trucks and trailers. The tax currently charges 12 percent on the retail price of new heavy-duty trucks, tractors, and trailers. The bill argues this tax makes new trucks more expensive and prevents owners from replacing older trucks with newer, cleaner models.
Truck manufacturers and sellers, truck buyers and owners, trucking companies, trailer manufacturers, people who work in truck manufacturing and sales, and users of goods transported by trucks.
• The bill eliminates the excise tax (a type of sales tax) on heavy trucks and trailers by removing subchapter C from Chapter 31 of the Internal Revenue Code (Sec. 3(a)) • The bill updates related tax code sections to remove references to the eliminated truck tax (Sec. 3(b)) • The changes apply to all sales and installations beginning on the date Congress introduced this bill (Sec. 3(c))
If this bill becomes law, buyers of new heavy trucks and trailers no longer pay the 12-percent federal tax on these purchases. The bill removes language from several sections of the tax code that currently reference this truck tax. The Highway Trust Fund (a federal fund for road and highway projects) will no longer receive revenue from this tax.
• Mobile machinery: vehicles with permanently attached equipment for construction, manufacturing, farming, mining, or similar operations where the machinery's operation is unrelated to transportation on public highways
Sales and installations on or after the date of the introduction of this Act.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.