“To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for commercial truck drivers.”
No CRS summary available for this bill.
This section establishes a new tax credit of $7,500 (or $10,000 for new truck drivers, prorated if under 1,420 hours) for eligible commercial truck drivers who hold a valid Class A commercial driver's license (CDL)—or are apprentices in a registered program under the National Apprenticeship Act, counting training hours toward driving requirements—operate a qualifying tractor-trailer (Group A vehicle under 49 CFR 383.91(a)(1)), have adjusted gross income not exceeding $135,000 (joint return or surviving spouse), $112,500 (head of household), or $90,000 (other), and drive at least 1,900 hours in a trade or business (or average 40 hours per week in weeks driven, if new to the trade). Credit amounts are adjusted for inflation after 2025. The credit applies to taxable years ending on or after December 31, 2025, and terminates for taxable years beginning after December 31, 2026. (Thus, available only for the 2025 and 2026 tax years for calendar-year taxpayers.)