A pair of bipartisan lawmakers have reintroduced legislation offering tax credits to U.S. truck drivers in an effort to address a dire pandemic-related shortage.
Due to downfalls in hiring and retention challenges, 2021 resulted in a fall of 80,000 commercial truck drivers. This resulted in more expensive shipping and delays in deliveries.
The Strengthening Supply Chains Through Truck Driver Incentives Act would establish two-year refundable tax credits for commercial drivers. While it is not clear whether the bill will pass or not, this is one step to solving the hiring and retention issues.
It is hoped that the legislation will provide relief for current truck drivers while helping to retain essential workers.
- The bill would establish a two-year refundable tax credit of up to $7,500 for truck drivers with a valid Class A commercial driver’s license who drive at least 1,900 hours in a year.
- It would offer a two-year refundable tax credit of up to $10,000 for new drivers or people in a registered trucking apprenticeship.
- New commercial drivers who did not drive the year prior, or who did not drive for 1,420 hours in the current year, would also be eligible for the credit.
The bill’s sponsors are Reps. Mike Gallagher, R-Wis., and Abigail Spanberger, D-Va.
Ten advocacy organizations representing the trucking industry, including the American Trucking Associations and American Loggers Council, have backed the bill.
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