This bill creates a new tax credit for certain heavy trucks equipped with concrete pumps when they operate in a specific mode called power take-off. Specifically, it allows mobile mounted concrete boom pump vehicles that don't meet existing fuel tax requirements to receive a partial credit worth 55 percent of the gasoline excise tax paid when the vehicle is stationary and operating its concrete pumping equipment. The bill defines these eligible vehicles as mobile machinery with mounted concrete boom pumps that are used in power take-off mode while parked rather than traveling. The tax credit applies to fuel used in taxable years starting after December 31, 2024. This change amends the Internal Revenue Code to provide financial relief to operators of specialized concrete pump trucks by reducing their fuel-related tax burden.
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