CONGRESS FOR VOTERS

Blake Moore (R-UT)

Semi-Trailer Tax Parity Act

H.R. 7944 · House bill Taxation

A Republican bill with 2 Democratic cosponsors · See all 10 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is titled the "Semi-Trailer Tax Parity Act." It aims to amend the Internal Revenue Code of 1986. The specific goal is to apply floor plan financing interest rules to semi-trailers. It expands the current definition to include truck trailer or semi-trailer chassis or bodies. This change would apply to taxable years beginning after the Act is enacted.

Yes· 3 of 4

  • Scored +3

    Does this cut taxes for small businesses?

    The bill allows certain financing interest for semi-trailer chassis or bodies to be treated under floor plan financing rules, potentially reducing tax burdens for businesses holding such inventory.

  • Scored +3

    Does this make it easier to run a small business?

    By expanding the floor plan financing interest rules to semi-trailers, the bill provides more favorable tax treatment for businesses managing large vehicle inventory.

  • Scored +3

    Would business owners be better off under this?

    The expansion of floor plan financing interest rules provides a tax advantage to business owners who deal in semi-trailer inventory.

The opposite

No question was scored the opposite.