To amend the Internal Revenue Code of 1986 to exempt feed truck chassis from excise tax on heavy trucks and trailers.

June 22, 2001

Mr. GRAMM introduced the following bill; which was read twice and referred to the Committee on Finance

To amend the Internal Revenue Code of 1986 to exempt feed truck chassis from excise tax on heavy trucks and trailers.

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

SECTION 1. EXEMPTION FOR FEED TRUCK CHASSIS FROM EXCISE TAX ON HEAVY TRUCKS AND TRAILERS.

(a) IN GENERAL- Section 4053(2) of the Internal Revenue Code of 1986 (relating to feed, seed, and fertilizer equipment) is amended by striking subparagraph (E) and inserting the following:

`(E) for any combination of the foregoing, and

any automobile truck chassis (so primarily designed) to which such body is mounted or permanently affixed.'.

(b) EFFECTIVE DATE- The amendment made by this section shall apply to sales occurring after the date of the enactment of this Act.

END