To amend the Internal Revenue Code of 1986 to provide an excise tax credit for certain heavy trucks when operated in power take-off mode.
Latest Action
Referred to the House Committee on Ways and Means.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, introduced in the 118th Congress as H.R. 9059, proposes an amendment to the Internal Revenue Code of 1986 to establish an excise tax credit for certain heavy trucks when they operate in power take-off mode. The bill aims to provide a financial incentive related to the operation of heavy trucks under specific conditions. The bill was referred to the House Committee on Ways and Means but ultimately failed or expired without further legislative action. No official summary or full text is available to provide detailed provisions or definitions.
H.R. 9059 sought to create a tax credit for heavy trucks operating in power take-off mode but did not advance beyond committee referral and expired in the 118th Congress.
- The bill proposes an excise tax credit targeting heavy trucks operating in power take-off mode.
- It amends the Internal Revenue Code of 1986, indicating a tax policy change.
- The bill was referred to the House Committee on Ways and Means on July 18, 2024, but did not progress further.
['Owners and operators of certain heavy trucks utilizing power take-off mode', 'Manufacturers and sellers of qualifying heavy trucks', 'Industries relying on heavy truck operations with power take-off capabilities']
['Lack of detailed bill text limits clarity on eligibility criteria and credit calculation.', 'Potential revenue impact on federal tax receipts due to the excise tax credit.', 'Oversight and enforcement mechanisms for proper use of the tax credit are unspecified.']
The bill was introduced in the House during the 118th Congress and referred to the House Committee on Ways and Means, the primary committee responsible for tax legislation. The bill did not advance beyond committee referral and expired, indicating limited legislative momentum or prioritization within the tax policy agenda during this session.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential increased use or purchase of heavy trucks equipped with power take-off capabilities due to financial incentives.', 'Possible shifts in industry practices related to heavy truck operations to maximize tax credit benefits.', 'Changes in federal excise tax revenue streams affecting budget allocations.']
The absence of a full bill text and official summary limits transparency and public understanding of the bill's detailed provisions and fiscal implications. The bill's failure to advance beyond committee referral suggests limited legislative scrutiny and debate. Future proposals of this nature would benefit from clear definitions, eligibility criteria, and impact assessments to facilitate informed oversight and public accountability.
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