To amend the Internal Revenue Code of 1986 to provide an excise tax credit for certain heavy trucks when operated in power take-off mode.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9059 Introduced in House (IH)]

<DOC>






118th CONGRESS
  2d Session
                                H. R. 9059

  To amend the Internal Revenue Code of 1986 to provide an excise tax 
 credit for certain heavy trucks when operated in power take-off mode.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 18, 2024

Mr. Blumenauer introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide an excise tax 
 credit for certain heavy trucks when operated in power take-off mode.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCISE TAX CREDIT FOR CERTAIN CONCRETE PUMP TRUCKS.

    (a) In General.--Clause (iv) of section 6421(e)(2)(C) of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking ``For purposes of clause (ii)(II), the use-
        based test'' and inserting ``For purposes of clause (ii)(II)--
                                    ``(I) In general.--Except as 
                                provided in subclause (II), the use-
                                based test'',
            (2) by striking ``this clause'' and inserting ``this 
        subclause'', and
            (3) by adding at the end the following new subclauses:
                                    ``(II) Exception.--In the case of 
                                any mobile mounted concrete boom pump 
                                vehicle which does not meet the 
                                requirements of subclause (I), such 
                                vehicle shall be deemed to meet the 
                                use-based test, but the amount of the 
                                payment under subsection (a) with 
                                respect to gasoline used in such 
                                vehicle shall not exceed 55 percent of 
                                the amount determined by multiplying 
                                the number of gallons of gasoline used 
                                in such vehicle during the taxpayer's 
                                taxable year by the rate at which tax 
                                was imposed on such gasoline under 
                                section 4081.
                                    ``(III) Mobile mounted concrete 
                                boom pump vehicle.--For purposes of 
                                this clause, the term `mobile mounted 
                                concrete boom pump vehicle' means a 
                                vehicle which is mobile machinery (as 
                                defined in section 4053(8)) on which 
                                the mounted machinery consists of a 
                                concrete boom pump and related 
                                subordinate parts, and which is 
                                operated in power take-off mode while 
                                not traveling.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to fuel used in taxable years ending after December 31, 2024.
                                 <all>