119 HR 7944 IH: Semi-Trailer Tax Parity Act U.S. House of Representatives 2026-03-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 7944IN THE HOUSE OF REPRESENTATIVESMarch 16, 2026Mr. Moore of Utah (for himself and Mrs. Torres of California) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to apply the floor plan financing interest rules to semi-trailers.

1.

Short title

This Act may be cited as the Semi-Trailer Tax Parity Act.

2.

Application of floor plan financing interest rules to semitrailers

(a)

In general

Section 163(j)(9)(C) of the Internal Revenue Code of 1986 is amended by adding at the end the following: Such term shall further include any truck trailer or semi-trailer chassis or truck trailer or semi-trailer bodies (within the meaning of subparagraphs (C) and (D) of section 4051(a)(1), but without regard to whether the acquisition is the first retail sale of such property) which are not described in section 4051(a)(3).. (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.