Modern, Clean, and Safe Trucks Act of 2025
4/5/2025, 5:53 AMSummary of Bill HR 2424
Bill 119 hr 2424, also known as the "Heavy Truck and Trailer Excise Tax Repeal Act," aims to make changes to the Internal Revenue Code of 1986 by repealing the excise tax on heavy trucks and trailers. This tax, which is currently imposed on the sale of these vehicles, would be eliminated if this bill is passed.The bill also includes provisions for other purposes, although specific details on these purposes are not provided in the summary. It is likely that these additional purposes are related to the overall goal of reducing taxes and regulations on the trucking industry.
Overall, the main focus of Bill 119 hr 2424 is to provide relief to businesses and individuals in the trucking industry by eliminating the excise tax on heavy trucks and trailers. This could potentially lead to cost savings for trucking companies and consumers, as well as stimulate growth in the industry.
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Current Status of Bill HR 2424
Bill HR 2424 is currently in the status of Bill Introduced since March 27, 2025. Bill HR 2424 was introduced during Congress 119 and was introduced to the House on March 27, 2025. Bill HR 2424's most recent activity was Referred to the House Committee on Ways and Means. as of March 27, 2025Bipartisan Support of Bill HR 2424
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
2Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2424
Primary Policy Focus
Alternate Title(s) of Bill HR 2424
To amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.To amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 2424
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