Home invoice seeks to ‘overhaul’ trucking business with trucker tax credit as much as $10K, parking enhancements, and extra

A invoice launched this week within the U.S. Home of Representatives seeks to make sweeping modifications to the trucking business in hopes of recruiting and retaining extra drivers to take care of the nation’s provide chain.

The Safer Highways and Elevated Efficiency for Interstate Trucking (SHIP IT) Act was launched on January 24 by U.S. Representatives Dusty Johnson (R-S.D.) and Jim Costa (D-CA).

“Disruptions in our trucking provide chain proceed to drive up prices and create uncertainty for American shoppers and producers,” stated Costa. “We have to recruit, prepare, and retain truck drivers to maintain our provide chain shifting, whereas additionally updating finest practices to enhance trucking to suit our fashionable economic system. That’s the reason we launched this bipartisan laws to strengthen the workforce and make it simpler to maneuver merchandise throughout the nation.”

The SHIP IT Act would offer tax credit to encourage drivers to enter and keep within the trucking business. Established truck drivers can be eligible for a tax credit score of $7500 whereas new drivers getting into the business can be eligible for a $10,000 tax credit score.

The invoice would additionally permit truckers to use for Workforce Innovation and Alternative Act grants to assist future drivers pay for Entry Degree Driver coaching prices or different driver training prices.

Moreover, the invoice would offer aggressive grants to states or non-public entities to create extra secure trucking parking alternatives.

Lawmakers additionally included a measure within the SHIP IT Act to streamline the CDL course of, making it simpler for states and third events to manage testing.

“Individuals skilled a slew of freight disruptions throughout and after the COVID-19 pandemic,” stated Johnson. “Final 12 months we addressed ocean transport reform, and it’s clear that updates are wanted for different components of the provision chain. The SHIP IT Act will bridge gaps, preserve prices down for shoppers, and make it simpler for shippers to maneuver merchandise throughout the U.S.”

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