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Modern, Clean, and Safe Trucks Act of 2023

12/15/2023, 4:06 PM

Congressional Summary of S 694

Modern, Clean, and Safe Trucks Act of 2023

This bill repeals the 12% excise tax on the retail sale of heavy trucks and trailers.

Current Status of Bill S 694

Bill S 694 is currently in the status of Bill Introduced since March 8, 2023. Bill S 694 was introduced during Congress 118 and was introduced to the Senate on March 8, 2023.  Bill S 694's most recent activity was Read twice and referred to the Committee on Finance. as of March 8, 2023

Bipartisan Support of Bill S 694

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 694

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 694

Modern, Clean, and Safe Trucks Act of 2023
Modern, Clean, and Safe Trucks Act of 2023
A bill to amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.

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