CVSA supporting truck safety technology
Aug 12, 2008 8:58 AM
The Commercial Vehicle Safety Alliance (CVSA) is supporting a Senate bill that would provide a tax credit to carriers that purchase trucks with certain safety technologies installed, according to CVSA information.
Senate Bill 3428, introduced by Senators Debbie Stabenow (D-MI) and George Voinovich (R-OH), provides tax credits for four safety technologies identified by the Federal Motor Carrier Safety Administration (FMCSA) in its Large Truck Crash Causation Study: collision avoidance, lane departure warning, stability control, and brake stroke monitoring systems.
The tax credit would be equal to 50 percent of the cost of a qualified system, up to $1,500; allow a total credit of up to $3,500 per vehicle; limit the qualifying taxpayer to a maximum credit to $350,000 per taxable year; and extend credit eligibility for the purchase of school busses, intercity buses and vehicles used in commerce.
CVSA said the Senate bill is a companion bill to House Resolution 3820 introduced in the House in October 2007 by Representatives Mike Thompson (D-CA) and Ron Lewis (R-KY).
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