Mike
Well-Known Member
The Owner-Operator Independent Drivers Association told lawmakers that one way to provide tangible relief to truck drivers during the COVID-19 crisis is to suspend the Heavy Vehicle Use Tax for one year.
OOIDA requested the one-year suspension in a letter to congressional leaders sent on Thursday, July 30.
“Offering a one-year suspension of the HVUT is the most direct way that Congress can help every single trucking business,” OOIDA wrote in the letter signed by President and CEO Todd Spencer. “While some trucking operations have been able to qualify for pandemic assistance through the Paycheck Protection Program or Economic Injury Disaster Loan program, many others have not been able to for one reason or another. Suspending the HVUT would bypass the complications of these programs and provide a simple way to make sure that all truckers get relief.”
OOIDA requested the one-year suspension in a letter to congressional leaders sent on Thursday, July 30.
“Offering a one-year suspension of the HVUT is the most direct way that Congress can help every single trucking business,” OOIDA wrote in the letter signed by President and CEO Todd Spencer. “While some trucking operations have been able to qualify for pandemic assistance through the Paycheck Protection Program or Economic Injury Disaster Loan program, many others have not been able to for one reason or another. Suspending the HVUT would bypass the complications of these programs and provide a simple way to make sure that all truckers get relief.”
The tax is assessed annually on heavy vehicles weighing 55,000 pounds or more. The annual fee for trucks weighing 75,000 pounds or more is $550 per truck.
OOIDA to Congress: Suspend Heavy Vehicle Use Tax
OOIDA told lawmakers that one way to provide tangible relief to truckers during the COVID-19 crisis is to suspend the Heavy Vehicle Use Tax for one year.
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