Butler, PA… On June 20 and June 21, 2018, Hunter Truck, participated in a legislative fly-in in to Capitol Hill to support the repeal of the Federal Excise Tax imposed on the sale of new, heavy-duty trucks and trailers.
“The FET on a heavy-duty truck is the highest excise tax on any commodity in the U.S.,” Executive Vice President of Hunter Truck Nancy Hunter Mycka said. “After factoring in Heavy Vehicle Use Tax, Tire, Tax, Licensing, State Sales Tax, and Motor Fuel taxes, a buyer could have purchased another truck in taxes alone.”
The Federal Excise Tax was initially imposed in 1917 as a way to fund World War I. Since then, the FET on new, heavy-duty trucks, tractors, and trailers has grown from 3% to 12% and has become burdensome to purchasers.
Nancy Hunter Mycka was one of 38 heavy-duty truck dealers to travel to Washington, D.C. to participate in two days of meetings to garner support for the S. 3052 and H.R. 2946 bills.
“With the help of American Truck Dealer (ATD) we hope to find a bi-partisan solution to migrate the Federal Excise Tax from a purchase tax to a use tax that would be repaid over a period of time,” Nancy Hunter Mycka said.
A leader in the trucking industry for 80 years, Hunter Truck offers unparalleled customer service and a wide array of services from a team of expert professionals. We maintain long-standing relationships with truck producers including Peterbilt and International and offer new and used truck sales, leasing and rental options, parts, and service.
Nancy Hunter Mycka, second from left, recently participated in a legislative fly-in on Capitol Hill.