FET repeal

Published in the October 2017 issue of Washington Update

As Congress begins looking at overall tax reform, NTEA is ramping up our efforts at educating members of Congress on the Federal Excise Tax (FET) on heavy trucks and opportunities for repeal.

NTEA is seeking Congressional support for the concept of FET repeal via HR 2946. This repeal bill currently has 12 bipartisan co-sponsors. Our hope is that the tax reform efforts will coincide with infrastructure reform and create a recognition that highway fund revenues must be overhauled and that the FET is an inefficient means of generating revenue.

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