SC&RA Call For FET Suspension

(Americas) End to Tax on Heavy-duty Trucks

Members of the Specialized Carriers & Rigging Association have called on U.S. congressional leaders to suspend federal excise tax on new heavy-duty trucks and trailers through 2021. 

The industry leaders signed a joint letter requesting an end to the 12 percent tax due to weakened truck demand compounded by the coronavirus pandemic. The association estimates that Class 8 truck orders dropped by 52 percent in March compared to last year.

“SC&RA supports the FET suspension to help encourage sales of newer, safer and cleaner trucks and trailers … a controlled tax holiday to help an industry so essential to keeping America moving makes total sense,” said Joel Dandrea, CEO of the SC&RA.

The SC&RA comprises members from 46 countries involved in crane and rigging operations, specialized transportation, machinery moving and erecting, industrial maintenance, millwrighting, manufacturing and rental.

Subscribe to BreakbulkONE and receive more industry stories and updates around impact of COVID-19.