HR7944Referred to Committee

Semi-Trailer Tax Parity Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-16
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Blake D. Moore
Blake D. Moore
Republican · UT · Representative
Votes with party: 98.2% (552 recorded votes)

Full profile: /officials/M001213

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-03-16

Source: Congress.gov

Committee Activity

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Plain-English Summary

This bill would change how semi-trailers are taxed to create equal treatment between different types of commercial truck equipment. The legislation likely aims to address tax differences that currently favor or disadvantage certain trucking companies and equipment owners compared to others in the industry.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[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>
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