Federal HB7944 would apply floor plan financing interest rules to semi-trailers.

Federal HB7944, the Semi-Trailer Tax Parity Act, amends the Internal Revenue Code to include semi-trailers in the floor plan financing interest rules. This change applies to taxable years beginning after the enactment of the Act. The bill specifically adds truck trailers or semi-trailer chassis or bodies to the definition of floor plan financing property.

Federal HB7944 would apply floor plan financing interest rules to semi-trailers.

Federal HB7944, the Semi-Trailer Tax Parity Act, amends the Internal Revenue Code to include semi-trailers in the floor plan financing interest rules. This change applies to taxable years beginning after the enactment of the Act. The bill specifically adds truck trailers or semi-trailer chassis or bodies to the definition of floor plan financing property.