Read twice and referred to the Committee on Finance.
Summary
The bill removes the federal retail excise tax that adds about $7,000 to new trailers and up to $50,000 to advanced trucks. It applies to manufacturers, dealers, and owners of new Class 8 trucks, tractors and trailers, aiming to lower purchase costs and encourage replacement of older, less efficient vehicles. The change would take effect for sales made after the law is enacted.
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