ATA Urged to Ask Congress for Reduction in Truck Excise Tax
ASHEVILLE, N.C. — American Trucking Associations will be asked to make reduction of the 12% excise tax on the purchase of new Class 8 tractors and trucks a top priority for its lobbying efforts on Capitol Hill.
Members of ATA’s National Accounting and Finance Council proposed that ATA lead a fight to ease the second-heaviest federal tax burden on trucking. Fleets buying new Class 8 trucks and tractors pay more than $3 billion into the Highway Trust Fund annually. Only the federal fuel tax transfers more dollars from trucking to the trust fund.
The portion of the tax NAFC highlighted for consideration by the association is the excise tax on the sales of large trucks and tractors, and does not concern parts or components.For the full story, see the May 28 print edition of Transport Topics. Subscribe today.
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The portion of the tax NAFC highlighted for consideration by the association is the excise tax on the sales of large trucks and tractors, and does not concern parts or components.For the full story, see the May 28 print edition of Transport Topics. Subscribe today.
