U.S. Congress - H.R.3820 Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007
H.R.3820 - Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007
To amend the Internal Revenue Code of 1986 to provide a credit against income tax to facilitate the accelerated development and deployment of advanced safety systems for commercial motor vehicles. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide a credit against income tax to facilitate the accelerated development and deployment of advanced safety systems for commercial motor vehicles. as introduced.
- Short: Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007 as introduced.
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Official Summary
10/10/2007--Introduced.Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007 - Amends the Internal Revenue Code to allow a general business tax credit for 50% of the cost of placing in service any qualified commercial vehicle advanced safety system. Defines "qualified coOfficial Summary
10/10/2007--Introduced.Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007 - Amends the Internal Revenue Code to allow a general business tax credit for 50% of the cost of placing in service any qualified commercial vehicle advanced safety system. Defines "qualified commercial vehicle advanced safety system" as a manufacturer-certified brake stroke monitoring system, lane departure warning system, collision warning system, or vehicle stability system identified by the Federal Motor Carrier Safety Administration or the National Highway Traffic Safety Administration as significantly enhancing the safety or security of commercial drivers, vehicles, or passengers. Terminates such credit after 2012.
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Recent News Coverage
Uptake of Safety Systems in the North American Class 6-8 Truck OE ...
"The introduction of bill number HR 3820 in the 110th US Congress in October 2007 paved the way for renewed efforts toward mandating the implementation of ...
Bill would give tax credit for safety devices
The devices listed in HR 3820 include systems that provide collision warnings, lane departure warnings, vehicle stability and brake stroke monitoring. ...
Recent Blog Coverage
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Senate gets Safety Technology Tax Credit Bill (S. 3428) | Fleet Owner
S. 3428 is a companion bill to H.R. 3820, known as the âCommercial Motor Vehicle Advanced Safety Technology Tax Act,â introduced last October by Rep. Mike Thompson (D-CA) and Rep. Ron Lewis (R-KY) in the House. ...
CVSA Joins Chorus of Transport Groups Backing Truck Safety Bill ...
It is a companion bill to HR 3820 introduced in the House last October by Representatives Mike Thompson, D-CA, and Ron Lewis, R-KY. There are now 16 co-sponsors of the House bill. "Efforts to gain as much support as possible for this ...
Itâs safer out there
The bill â which mirrors HR 3820, the Commercial Motor Vehicle Advanced Safety Technology Tax Act, introduced in the House of Representatives last year â offers a tax credit equal to 50% of the cost of a qualified system up to $1500; ...
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