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119-hr-7944119th CongressWALLET

Semi-Trailer Tax Parity Act

Sponsored By: Representative Moore, Blake D. [R-UT-1]

Introduced

Summary

Extends floor plan financing interest treatment to semitrailers and their components. This bill would amend the Internal Revenue Code so truck trailers, semi-trailer chassis, and semi-trailer bodies described under section 4051(a) are treated as floor plan financing interest for tax purposes. The change would apply to taxable years beginning after enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tax break for semi-trailer dealers

If enacted, taxpayers who buy, finance, lease, or sell truck trailers or semi-trailers would be able to treat those assets as floor-plan inventory for interest deductions. The rule would cover truck trailer and semi-trailer chassis and bodies described in section 4051(a)(1)(C) and (D), but not items described in section 4051(a)(3). It would apply even if the purchase is not the first retail sale. The change would take effect for taxable years beginning after the date of enactment.

Sponsors & CoSponsors

Sponsor

Moore, Blake D. [R-UT-1]

UT • R

Cosponsors

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 10/9/2026

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 10/13/2026

  • Rep. Torres, Norma J. [D-CA-35]

    CA • D

    Sponsored 3/16/2026

  • Rep. Kennedy, Mike [R-UT-3]

    UT • R

    Sponsored 4/16/2026

  • Rep. Murphy, Gregory F. [R-NC-3]

    NC • R

    Sponsored 6/24/2026

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 7/21/2026

  • Rep. Fischbach, Michelle [R-MN-7]

    MN • R

    Sponsored 8/20/2026

  • Rep. Bean, Aaron [R-FL-4]

    FL • R

    Sponsored 8/31/2026

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 9/1/2026

  • Rep. Estes, Ron [R-KS-4]

    KS • R

    Sponsored 9/2/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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