The Car and Truck Fleet and Leasing Management Magazine

Federal Bill Seeks Tax Credit for Advanced Safety Devices in Trucks

November 01, 2007

WASHINGTON, D.C. --- Congressman Mike Thompson (D-Calif.) has introduced a bill that would provide a tax credit to commercial fleet operators buying advanced safety technology for their trucks. The bill (HR 3820) cites such safety systems as collision warnings, lane departure warnings, vehicle stability and brake stroke monitoring. The legislation, now in the House Ways and Means Committee, has drawn support from the Motor & Equipment Manufacturers Association, reported. The bill itself makes a good case for improving the safety of commercial trucks, pointing out that in 2005 5,212 people died and 114,000 people were injured in large truck-related crashes in the U.S. "Overall, from 2001 to 2005, there have been 25,533 large truck-related fatalities in the United States," the bill states. The proposed tax credit would be 50 percent of the cost of the qualified safety system, capped at $1,500 per safety system. The cap per vehicle would be $3,500. Qualifying commercial vehicles must weigh more than 26,000 pounds or seat at least 11 passengers.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach.

Read more

Accident Costs Calculator

Use this calculator to see how much extra sales revenue your company needs to generate to make up for the profits lost as a result of fleet accidents.
Launch Accident Cost Calculator 

Up Next

More From The World's Largest Fleet Publisher