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Where This Stands

Introduced
Committee
Floor Vote
Passed
Signed

Currently in_committee. The next step in the legislative lifecycle is Floor Vote.

Last action
Referred to the House Committee on Ways and Means.Mar 8, 2023
Lead sponsor

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

If enacted, this bill would reduce the purchase price of new heavy-duty trucks by $12,000 to $22,000, directly impacting trucking companies, independent owner-operators, and manufacturers by removing a long-standing federal tax.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Trucking companies

They would no longer pay the 12-percent federal excise tax on new heavy-duty vehicle purchases.

Heavy-duty truck manufacturers

The removal of the tax may influence the demand for new heavy-duty trucks and trailers.

Highway Trust Fund

The fund would lose the revenue previously generated by the 12-percent excise tax on new heavy trucks.

What changed

Current stage: in_committee.

What's next

Floor Vote.

Summary

This bill proposes to eliminate the 12-percent federal on the purchase of new heavy-duty trucks, tractors, and trailers. The goal is to lower the cost of new vehicles to encourage the replacement of older, less fuel-efficient, and higher-emission trucks with modern, safer, and cleaner models.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

If enacted, this bill would reduce the purchase price of new heavy-duty trucks by $12,000 to $22,000, directly impacting trucking companies, independent owner-operators, and manufacturers by removing a long-standing federal tax.

Frequently Asked Questions

How much would this save on a new truck purchase?
According to the bill, the 12-percent tax currently adds between $12,000 and $22,000 to the cost of a new heavy truck, tractor, or trailer.
When would this tax repeal take effect?
The bill states the amendments apply to sales and installations on or after March 8, 2023.
Why is this tax being repealed?
The bill argues that the tax discourages the purchase of newer, safer, and more environmentally friendly trucks, and that Congress should find a more consistent revenue mechanism for the .

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Shift in Highway Funding Strategy

The bill explicitly suggests that Congress should move away from the current excise tax model toward a more reliable and consistent revenue mechanism for the Highway Trust Fund.

Connected Entities

Sources

Open source document

www.congress.gov

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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