Trucking Tax Credit Bill Reintroduced
Bipartisan legislation to address truck driver shortages that includes a two-year refundable tax credit of up to $7,500 has been re-introduced in the U.S. House of Representatives by Abigail Spanberger (D-VA) and Mike Gallagher (R-WI).
The bipartisan Strengthening Supply Chains Through Truck Driver Incentives Act would provide a short-term, fast, and straightforward incentive to attract and retain new drivers. Specifically, the Spanberger-Gallagher bill would create a two-year refundable tax credit of up to $7,500 for truck drivers holding a valid Class A commercial driver’s license (CDL) who drive at least 1,900 hours in the year. The legislation would also establish new incentives for potential drivers to enter registered trucking apprenticeships.
According to American Loggers Council Executive VP Scott Dane, raw material transportation is the weak link in the forest products industry supply chain, which is challenged by a lack of drivers, rising fuel prices, crisis level insurance premiums, tough operating conditions and demographics.
Noting that “Virginia forest logging businesses are reporting a major shortage of qualified commercial drivers, and this is also occurring across America,” Virginia Loggers Assn. Executive Director Ron Jenkins says, adding that VLA strongly supports the legislation.
Latest News
ALC Fall Tradition Travels To Maine In 2023
NEWRY, Maine – Logging industry professionals and advocates from throughout the U.S. (and a few from beyond) converged on the far northeastern state for this year’s American Loggers Council annual meeting on October 4-6. The theme for this year’s conference was “Family Tradition,” and indeed, the ALC annual meeting has become an annual tradition every fall for many logging families. In conjunction with the Professional Logging Contractors of the Northeast (see news), Maine native Andy Irish, who served as ALC President for the 2022-2023 term, hosted the conference in his home state…
WANT MORE CONTENT?
Spanning seven decades since its inception in 1952, Timber Harvesting highlights innovative and successful logging operations across the U.S. and around the world. Timber Harvesting also emphasizes new technology and provides the best marketing vehicle for the industry’s suppliers to reach the largest number of loggers in North America and beyond.
Call Us: 800.669.5613