NATSO Joins Transportation Industry in Requesting Suspension of the Federal Excise Tax on New Trucks

Added on: July 30, 2020

Abstract:

NATSO, along with representatives of the trucking industry, on July 24 sent a letter to the White House requesting suspension of the 12% federal excise tax (FET) on the purchase of new heavy-duty trucks and trailers until the end of 2021. “As representatives of the trucking industry and other important sectors of the economy, we believe that the suspension of the FET would serve as an extremely effective and immediate policy to spur the sales of newer cleaner trucks, which would retain jobs in the trucking sector and help rebuild our economy.”