Coalition Asks Congress to Suspend Federal Excise Tax on New Trucks, Trailers

Added on: April 29, 2020


NATSO, along with a coalition of truck and trailer manufacturers and motor carriers among others, asked Congress to suspend the 12% federal excise tax (FET) on the purchase of new heavy-duty trucks and trailers until the end of 2021. The groups said that suspension of the FET would serve as an effective and immediate policy to spur the sales of newer cleaner trucks, which would retain jobs in the trucking sector and help rebuild the economy.