Inhofe (R-OK) has introduced a bill to amend the Internal Revenue Code of 1986.
The bill would prorate the heavy vehicle use tax to truck owners who sell a
vehicle (more than 55,000 pounds) within the tax year.
President Todd Spencer is encouraged to see legislation proposed to abolish
the tax. "The current system isn't one that accurately reflects a use tax
at all," he said. "It creates a burden to all parties associated with
the trucking industry. In some instances the tax gets paid twice. OOIDA welcomes
the new legislation."
been sent to the Senate finance committee.