Truck Buyers Rejoice: House Bill Aims to Repeal 12% Federal Excise Tax

2025-03-31
Truck Buyers Rejoice: House Bill Aims to Repeal 12% Federal Excise Tax
Commercial Carrier Journal

A newly reintroduced house bill seeks to eliminate the 12% Federal Excise Tax (FET) on truck purchases, which currently adds an average of $22,000 to the cost of new trucks. This move could provide significant relief to truck buyers and the trucking industry as a whole. The American Trucking Association (ATA) has also announced the opening of nominations for the prestigious Mike Russell Trucking Industry Image Award, recognizing excellence in the industry. With the potential repeal of the FET, trucking companies and individual owners may soon see a reduction in costs, making it easier to invest in new vehicles and equipment, and boosting the overall trucking industry economy, including truck sales and truck financing.

Recomendaciones
Recomendaciones