Semi-Trailer Tax Parity Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7944 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7944 To amend the Internal Revenue Code of 1986 to apply the floor plan financing interest rules to semi-trailers. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 16, 2026 Mr. Moore of Utah (for himself and Mrs. Torres of California) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to apply the floor plan financing interest rules to semi-trailers. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Semi-Trailer Tax Parity Act''. SEC. 2. APPLICATION OF FLOOR PLAN FINANCING INTEREST RULES TO SEMITRAILERS. (a) In General.--Section 163(j)(9)(C) of the Internal Revenue Code of 1986 is amended by adding at the end the following: ``Such term shall further include any truck trailer or semi-trailer chassis or truck trailer or semi-trailer bodies (within the meaning of subparagraphs (C) and (D) of section 4051(a)(1), but without regard to whether the acquisition is the first retail sale of such property) which are not described in section 4051(a)(3).''. (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act. <all>