Trucking stakeholders support Senate Bill 2435, repeal of FET
Trucking coalition supports repeal of heavy truck tax The Modernize the Truck Fleet, a coalition of trucking industry stakeholders – including the American Truck Dealers (ATD), American Trucking Associations and other groups – have announced their strong support for bipartisan legislation to repeal the 12% federal excise tax (FET) on the sale of heavy-duty trucks and trailers. The bill, S. 2435, which was introduced by Sen. Todd Young (R-Ind.) and Sen. Ben Cardin (D-Md.) – both members of the tax-writing Senate Finance Committee, which has jurisdiction over transportation-related taxe...