A bill to amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4657 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4657 To amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 2, 2026 Mr. Young (for himself and Ms. Alsobrooks) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes. 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 ``Modern, Clean, and Safe Trucks Act of 2026''. SEC. 2. FINDINGS. Congress finds that-- (1) the 12-percent Federal retail excise tax on all new heavy trucks, tractors, and trailers, coupled with new regulatory mandates, significantly increases the cost of new heavy-duty trucks, tractors, and trailers and discourages the replacement of older, less environmentally clean and less fuel economical vehicles; (2) this 12-percent Federal retail excise tax is the highest percentage rate of any Federal ad valorem excise tax; (3) the Federal excise tax was first levied by Congress in 1917 to help finance America's involvement in World War I; (4) the 12-percent Federal retail excise tax routinely adds $7,000 or more to the cost of new trailers, $20,000 or more for new clean diesel trucks, and as much as $50,000 to the next generation of trucks with advanced engine technologies; (5) nearly 34 percent of the Class 8 trucks on the road are pre-MY2010 trucks and lack more than a decade of environmental and safety technological advancements; (6) from 2011 through 2030, this generation of diesels wi