ATD seeks to include legislation to suspend the 12% FET on heavy-duty trucks in the next viable legislative vehicle, such as a “Phase 4” economic recovery bill that is likely to be considered in July. Heavy-duty truck sales are now predicted to decline
by 50% for 2020. The initiative to suspend the FET on heavy-duty trucks through the end of 2021 is timely and relevant to economic stimulus legislation, since it would help jumpstart the trucking industry and protect truck dealership and industry
This virtual briefing, held June 26, 2020, includes the legislative background on the FET issue, the rationale for suspension, and a call to action. The focus will be on contacting congressional leadership and members of the tax committees (House Committee
on Ways and Means and the Senate Committee on Finance).