[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5400 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 5400

To amend the Internal Revenue Code of 1986 to modify the retail tax on 
  heavy trucks and trailers to exclude tractors suitable for use with 
                vehicles weighing 33,000 pounds or less.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 5, 2000

  Mr. Lucas of Oklahoma (for himself and Mr. Watkins) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to modify the retail tax on 
  heavy trucks and trailers to exclude tractors suitable for use with 
                vehicles weighing 33,000 pounds or less.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. MODIFICATION OF RETAIL TAX ON HEAVY TRUCKS AND TRAILERS TO 
              EXCLUDE TRACTORS SUITABLE FOR USE WITH VEHICLES WEIGHING 
              33,000 POUNDS OR LESS.

    (a) Tractors Subject to Tax Only if Suitable for Use With Heavy 
Trailers or Semitrailers.--Paragraph (2) of section 4051(a) of the 
Internal Revenue Code of 1986 (relating to exclusion for trucks 
weighing 33,000 pounds or less) is amended to read as follows:
            ``(2) Exclusion for trucks, etc., weighing 33,000 pounds or 
        less.--The tax imposed by paragraph (1) shall not apply to any 
        article described in subparagraph (A), (B), or (E) of paragraph 
        (1)--
                    ``(A) which is suitable for use with a vehicle 
                which has a gross vehicle weight of 33,000 pounds or 
                less (as determined under regulations prescribed by the 
                Secretary), and
                    ``(B) which, in the case of an article described in 
                subparagraph (E), is not [used/intended for use?] in a 
                trade or business.''
    (b) Effective Date.--The amendment made by this section shall take 
effect on January 1, 2001.
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