House Bill Seeks to Repeal Excise Tax; Increase Diesel Fuel Tax

Congressmen introduce a bill that seeks to repeal the 12 percent federal excise tax on large trucks and replace it with a 6.3-cent increase in the federal diesel fuel tax.
More
 

TrucksNATSOInArt.png

Ira Wexler/NATSO

Congressmen Jim Gerlach (R-Penn.) and Earl Blumenauer (D-Ore.) introduced a bill, H.R. 4321, that seeks to repeal the 12 percent federal excise tax on large trucks and replace it with a 6.3-cent increase in the federal diesel fuel tax. The American Trucking Associations (ATA) called on Congress to swiftly adopt the proposal, saying it would reinforce the ailing Highway Trust Fund while providing a boost to U.S. manufacturing. ATA said the measure would cut $15,000 from the cost of the average new truck, encouraging truck purchases.

NNW@.png

This article originally ran in NATSO News Weekly (NNW). NNW, NATSO's electronic newsletter, is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry. Every Monday it is emailed to NATSO members only. 

If you aren't reading NNW, you are missing out. If you are a member and not receiving NNW, submit a request to be added to the email list. Not a member? Join today or submit a request to receive additional information.

Subscribe to Updates

NATSO provides a breadth of information created to strengthen travel plazas’ ability to meet the needs of the travelling public in an age of disruption. This includes knowledge filled blog posts, articles and publications. If you would like to receive a digest of blog post and articles directly in your inbox, please provide your name, email and the frequency of the updates you want to receive the email digest.