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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.Jun 16, 2022
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 passed, this bill would reduce the upfront cost of new heavy-duty vehicles by an estimated $12,000 to $22,000 per unit, directly impacting the capital expenditure decisions of trucking companies and independent owner-operators.

Who is mentioned in the record

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

Trucking companies

These entities would see a reduction in the purchase price of new heavy-duty vehicles.

Heavy-duty truck manufacturers

These companies would no longer be required to collect and remit the 12-percent federal excise tax on new vehicle sales.

Highway Trust Fund

This fund would lose the revenue stream previously generated by the federal retail excise tax on heavy trucks.

What changed

Current stage: in_committee.

What's next

Floor Vote.

Summary

This bill proposes to eliminate the 12-percent currently applied to the purchase of new heavy-duty trucks, tractors, and trailers. By removing this tax, the legislation aims to lower the purchase price of newer, more fuel-efficient, and safer vehicles to encourage fleet modernization.

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 passed, this bill would reduce the upfront cost of new heavy-duty vehicles by an estimated $12,000 to $22,000 per unit, directly impacting the capital expenditure decisions of trucking companies and independent owner-operators.

Frequently Asked Questions

How much would this save on a new truck purchase?
The bill states that the current 12-percent tax adds between $12,000 and $22,000 to the cost of a new heavy truck, tractor, or trailer.
Does this bill affect all tires?
No, it clarifies definitions for tires used on highway vehicles and maintains an exception for tires used exclusively on .
When would this tax repeal take effect?
The amendments apply to sales and installations on or after June 16, 2022.

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 shift100% confidence

Shift in Highway Funding

The bill explicitly acknowledges that the excise tax is an inconsistent revenue source for the Highway Trust Fund and suggests Congress should find a more reliable mechanism.

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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