Federal HB7944 would amend the Internal Revenue Code to include semi-trailers under floor plan financing interest rules.
Federal HB7944, the Semi-Trailer Tax Parity Act, seeks to amend the Internal Revenue Code of 1986. It aims to include truck trailers or semi-trailer chassis or bodies within the floor plan financing interest rules, regardless of whether the acquisition is the first retail sale. This change would apply to taxable years beginning after the enactment of this Act.
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