Semi-Trailer Tax Parity Act
Sponsored By: Representative Moore, Blake D. [R-UT-1]
Introduced
Summary
Treats interest on financing semi-trailers as floor‑plan financing interest for tax rules. This bill would add truck trailers, semi‑trailer chassis, and semi‑trailer bodies to the property covered by the Section 163(j)(9)(C) floor‑plan financing interest rules, regardless of whether the acquisition is the first retail sale.
Show full summary
- Businesses that buy or sell trailers, like truck dealers and fleet owners, would have interest on trailer financing classified under the floor‑plan rules for federal tax purposes, which changes how that interest is treated on tax returns.
- Lenders and lessors that provide trailer financing would see those loans fall under the same floor‑plan interest category used for other inventory financing.
- The change would apply to taxable years beginning after the date of enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Tax change for truck trailer financing
If enacted, this bill would expand the tax "floor‑plan" interest rule to cover more truck trailers and trailer parts. Businesses that buy or finance truck trailers, semi‑trailer chassis, or trailer bodies would be able to treat related interest as floor‑plan financing interest for tax purposes. The change would apply even if the purchase is not the first retail sale. It would not apply to items described in section 4051(a)(3). The rule 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. Torres, Norma J. [D-CA-35]
CA • D
Sponsored 3/16/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov