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Senate gets safety tax credit bill

Published Monday, August 04, 2008

Tax credits for a spate of trucking safety technologies will be debated when the U.S. Senate reconvenes in the fall, courtesy of a new bill introduced by Sen. Debbie Stabenow (D-MI) and Sen. George Voinovich (R-OH) last week – one that mirrors a similar piece of legislation crafted for the U.S. House of Representatives in October of last year. The Safety Technology Tax Credit Bill (S. 3428) focuses on four key points: providing a tax credit equal to 50% of the cost of a qualified system, up to $1,500; allowing for a total credit of ...

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