A bill currently
being debated in a House subcommittee could provide tax incentives for
owner-operators and trucking companies looking to modernize their trucks.
Rep. J.D. Hayworth,
R-AZ, introduced the bill – HR3301 – which would allow truck buyers to
depreciate the full purchase price of a new truck, and give a 5 percent
investment tax credit for 2007 model-year engines, in order to help lower truck
Larry Van Hoose,
press secretary for Hayworth, said the bill is designed to benefit all truck
owners – not just large fleet owners.
“It pertains to
anyone – any purchaser – of a Class 8 engine, with no regard whatsoever for
fleet,” Van Hoose said.
The measure is
nearly identical to the
Smith-Gordon amendment, which was drafted into the Energy Bill, but was never
presented on the floor.
The energy bill is
currently before a joint conference committee, and a final version is expected
to be on President Bush’s desk for a signature by Aug. 5. Hayworth’s bill was
referred to the House Ways and Means Committee on July 14.
– By Aaron
Ladage, staff writer