Pennsylvania bill offers incentive to buy 2007 model trucks

| Friday, November 03, 2006

A bill moving through the Pennsylvania House is intended as an incentive for truck owners to buy new Class 8 models.

Sponsored by Rep. Karen Beyer, R-Lehigh, the bill would create a new diesel technology tax credit of up to $5,000 per vehicle for businesses toward the purchase of a Class 8 truck containing an engine that meets the new emissions limits set by the Environmental Protection Agency.

Beyer said she introduced the first-of-its-kind bill in response to new federal clean air standards that require by 2007 all new diesel trucks be manufactured with a new catalytic converter designed to reduce air pollution.

The new standards require manufacturers to either upgrade their current trucks with new technology or purchase new trucks with the cleaner technology already installed.

"Offering this incentive to business to invest in new diesel technology provides much-needed economic relief for them and demonstrates a clear commitment by the commonwealth to protecting our environment," Beyer said in a written statement.

The measure also would require the Pennsylvania Department of Revenue to submit an annual report to state lawmakers about the effectiveness of the tax credit. In addition, issuance of tax credits would be prohibited beyond the taxable year ending on Dec. 31, 2008.

Beyer's bill - HB2997 - is in the House Appropriations Committee. It must gain approval in the House and Senate before the session wraps up for the year Nov. 30. Any bill that hasn't been approved by lawmakers at that time would have to be re-introduced when the new session starts up in January.

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