Amends the Internal Revenue Code to apply floor plan financing interest rules to semi-trailers.
The Semi-Trailer Tax Parity Act amends the Internal Revenue Code to include semi-trailers within the floor plan financing interest rules. This change applies to taxable years beginning after the enactment of the Act. The bill aims to ensure that semi-trailers are treated similarly to other truck trailers and semi-trailer chassis or bodies under the tax code.
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