HR 7944 · 119th Congress

To amend the Internal Revenue Code of 1986 to apply the floor plan financing interest rules to semitrailers.

This bill makes a technical change to tax rules that currently apply to certain vehicles used in business. Right now, companies that finance inventory of cars, trucks, and other vehicles can deduct the interest they pay on those loans under special tax rules called "floor plan financing" rules. However, semi-trailer…

Sponsor

Moore, Blake D. (R-Utah)

Introduced

2026-03-16

Policy area

Taxation