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Modern, Clean, and Safe Trucks Act of 2025

4/5/2025, 5:53 AM

Summary 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.

Congressional Summary of HR 2424

Modern, Clean, and Safe Trucks Act of 2025

This bill repeals the 12% federal excise tax imposed on the first retail sale of certain heavy trucks, trailers, and tractors that generally are used on the highway.

As background, a 12% federal excise tax is imposed on the sale price (of the first retail sale) of

  • truck bodies and chassis suitable for use with a vehicle having a gross vehicle weight of over 33,000 pounds;
  • truck trailer and semitrailer bodies and chassis suitable for use with a vehicle having a gross vehicle weight over 26,000 pounds; and
  • tractors that are generally used for highway transportation in combination with a trailer or semitrailer, have a gross vehicle weight over 19,500 pounds, and have a gross combined weight of greater than 33,000 pounds.

Amounts collected from the excise tax on the retail sale of heavy trucks, trailers, and tractors are deposited into the Highway Trust Fund. (The Highway Trust Fund supports surface transportation programs and projects.)

Under current law, the excise tax on the retail sale of heavy trucks, trailers, and tractors expires on October 1, 2028.

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, 2025

Bipartisan Support of Bill HR 2424

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
2
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy 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

Gracie Stone profile image

Gracie Stone

590

11 months ago

This bill will help make trucks safer and cleaner on the roads. It's a step in the right direction for our environment and our safety.