H.R.4321 - Heavy Truck Tax Fairness Act of 2012

To amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes. as introduced.
  • Short: Heavy Truck Tax Fairness Act of 2012 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/29/12
 
 
 
 
 
 
 

Official Summary

Heavy Truck Tax Fairness Act of 2012 - Amends the Internal Revenue Code to: (1) repeal the excise tax on heavy trucks and trailers sold at retail, (2) increase the rate of tax on diesel fuel or kerosene to 30.7 cents per gallon, and (3) impose a floor stocks tax with respect to certain taxa

Official Summary

Heavy Truck Tax Fairness Act of 2012 - Amends the Internal Revenue Code to:
(1) repeal the excise tax on heavy trucks and trailers sold at retail,
(2) increase the rate of tax on diesel fuel or kerosene to 30.7 cents per gallon, and
(3) impose a floor stocks tax with respect to certain taxable fuels.

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Organizations Supporting H.R.4321

  • Truck Renting and Leasing Association
  • National Truck Equipment Association
  • American Trucking Association

Organizations Opposing H.R.4321

  • None via MapLight at this time.


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