Reduce Taxes on our Trucks Act

Bill: 117-hr-8413
Sponsor: full_name: Rep. Mast, Brian J. [R-FL-18]
Introduced: 2022-07-18
Policy area: Taxation
Latest action: action_date: 2022-07-18
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2022-07-18
action_desc: Introduced in House
text: <p><strong>Reduce Taxes on our Trucks Act</strong></p> <p>This bill repeals the excise tax on heavy trucks and trailers sold at retail.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 8413 IN THE HOUSE OF REPRESENTATIVES July 18, 2022 Mr. Mast introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal certain taxes imposed on heavy trucks and trailers sold at retail.

1. Short title This Act may be cited as the Reduce Taxes on our Trucks Act . 2. Repeal of certain taxes on heavy trucks and trailers sold at retail (a) In general Section 4051(a)(1) of the Internal Revenue Code of 1986 is amended by striking subparagraphs (C), (D), and (E). (b) Conforming amendments Section 4051 of such Code is amended— (1) by striking subsection (a)(5), (2) by striking subsection (b), and (3) by redesignating subsections (c) and (d) as subsections (b) and (c), respectively. (c) Effective date The amendments made by this section shall take effect on the date of the enactment of this Act.