S 694
Modern, Clean, and Safe Trucks Act of 2023
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Modern, Clean, and Safe Trucks Act of 2023, seeks to eliminate the 12% federal excise tax on the sale of new heavy trucks, tractors, and trailers. The bill argues that this tax discourages the replacement of older trucks and hinders the adoption of cleaner, more fuel-efficient technologies. By removing this tax, the legislation aims to encourage the use of modern trucks that reduce emissions and save fuel, while also supporting jobs in the trucking industry. It also suggests a more reliable funding mechanism for the Highway Trust Fund.
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Primary sponsor
Cosponsor
Benjamin L. Cardin
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