Us Congress 2023-2024 Regular Session

Us Congress House Bill HB2450 Compare Versions

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Old	New	Differences
1	1	I
2	2	118THCONGRESS
3	3	1
4	4	STSESSION H. R. 2450
5	5	To amend the Internal Revenue Code of 1986 to establish a refundable
6	6	tax credit for commercial truck drivers.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	MARCH30, 2023
9	9	Ms. S
10	10	PANBERGER(for herself and Mr. GALLAGHER) introduced the following
11	11	bill; which was referred to the Committee on Ways and Means
12	12	A BILL
13	13	To amend the Internal Revenue Code of 1986 to establish
14	14	a refundable tax credit for commercial truck drivers.
15	15	Be it enacted by the Senate and House of Representa-1
16	16	tives of the United States of America in Congress assembled, 2
17	17	SECTION 1. SHORT TITLE. 3
18	18	This Act may be cited as the ‘‘Strengthening Supply 4
19	19	Chains Through Truck Driver Incentives Act of 2023’’. 5
20	20	SEC. 2. CREDIT FOR COMMERCIAL TRUCK DRIVERS. 6
21	21	(a) I
22	22	NGENERAL.—The Internal Revenue Code of 7
23	23	1986 is amended by inserting after section 36B the fol-8
24	24	lowing new section: 9
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27	27	•HR 2450 IH
28	28	‘‘SEC. 36C. CREDIT FOR COMMERCIAL TRUCK DRIVERS. 1
29	29	‘‘(a) A
30	30	LLOWANCE OFCREDIT.—In the case of an eli-2
31	31	gible individual, there shall be allowed as a credit against 3
32	32	the tax imposed by this subtitle an amount equal to 4
33	33	$7,500 for the taxable year. 5
34	34	‘‘(b) E
35	35	LIGIBLEINDIVIDUAL.—For the purposes of 6
36	36	this section, the term ‘eligible taxpayer’ means, with re-7
37	37	spect to a taxable year, an individual— 8
38	38	‘‘(1) who holds a valid Class A commercial driv-9
39	39	er’s license (except as provided in subsection (c)) 10
40	40	who operates a tractor-trailer combination that 11
41	41	qualifies as a Group A vehicle under section 12
42	42	383.91(a)(1) of title 49, Code of Federal Regula-13
43	43	tions, 14
44	44	‘‘(2) whose adjusted gross income for the tax-15
45	45	able year does not exceed— 16
46	46	‘‘(A) in the case of a joint return or sur-17
47	47	viving spouse, $135,000, 18
48	48	‘‘(B) in the case of an individual who is a 19
49	49	head of household, $112,500, or 20
50	50	‘‘(C) in the case of any other individual, 21
51	51	$90,000, and 22
52	52	‘‘(3) who drove such a vehicle in the course of 23
53	53	a trade or business— 24
54	54	‘‘(A) not less than 1900 hours during such 25
55	55	taxable year, or 26
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59	59	‘‘(B) in the case of an individual who did 1
60	60	not drive a commercial truck in the preceding 2
61	61	taxable year, not less than an average of 40 3
62	62	hours per week with respect to weeks during 4
63	63	the taxable year in which such individual drove 5
64	64	such a vehicle in the course of a trade or busi-6
65	65	ness. 7
66	66	‘‘(c) S
67	67	PECIALRULE FORAPPRENTICES.—With re-8
68	68	spect to an individual enrolled in an apprenticeship pro-9
69	69	gram registered under the Act of August 16, 1937 (com-10
70	70	monly known as the ‘National Apprenticeship Act’), who, 11
71	71	upon completion or in the course of such apprenticeship 12
72	72	program will receive a Class A commercial driver’s li-13
73	73	cense— 14
74	74	‘‘(1) the requirements of subsection (b)(1) shall 15
75	75	not apply, and 16
76	76	‘‘(2) such individual may count training hours 17
77	77	in such program as hours driving a vehicle described 18
78	78	in subsection (b)(1) for the purposes of this section. 19
79	79	‘‘(d) S
80	80	PECIALRULE FORNEWTRUCKDRIVERS.— 20
81	81	Except as provided in subsection (e), in the case of an 21
82	82	eligible taxpayer who did not drive a commercial truck in 22
83	83	the course of a trade or business during the preceding tax-23
84	84	able year, subsection (a) shall be applied by substituting 24
85	85	‘$10,000’ for ‘$7,500’. 25
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89	89	‘‘(e) SPECIALRULE FORDRIVERSWITHLESSTHAN 1
90	90	1420 H
91	91	OURS.—In the case of an eligible taxpayer who did 2
92	92	not drive a commercial truck in the preceding taxable year 3
93	93	who drives a commercial truck for less than 1420 hours 4
94	94	in the course of a trade or business during the taxable 5
95	95	year, the amount of the credit allowed by subsection (a) 6
96	96	shall be the amount that bears the same proportion to the 7
97	97	dollar amount (determined without regard to this sub-8
98	98	section) with respect to the individual under subsection (a) 9
99	99	as the number of hours such individual drove a commercial 10
100	100	truck in the course of a trade or business during such tax-11
101	101	able years bears to 1420 hours. 12
102	102	‘‘(f) I
103	103	NFLATIONADJUSTMENT.—In the case of any 13
104	104	taxable year beginning after 2023, the dollar amounts in 14
105	105	this section shall be increased by an amount equal to— 15
106	106	‘‘(1) such dollar amount, multiplied by 16
107	107	‘‘(2) the cost-of-living adjustment determined 17
108	108	under section 1(f)(3) for the calendar year in which 18
109	109	the taxable year begins, determined by substituting 19
110	110	‘calendar year 2023’ for ‘calendar year 2016’ in sub-20
111	111	paragraph (A)(ii). 21
112	112	‘‘(g) T
113	113	ERMINATIONDATE.—This section shall not 22
114	114	apply to any taxable year beginning after December 31, 23
115	115	2024.’’. 24
116	116	(b) C
117	117	ONFORMINGAMENDMENTS.— 25
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121	121	(1) Section 6211(b)(4)(A) of the Internal Rev-1
122	122	enue Code of 1986 is amended by inserting ‘‘, 36C’’ 2
123	123	after ‘‘36B’’. 3
124	124	(2) Section 1324(b)(2) of title 31, United 4
125	125	States Code, is amended by inserting ‘‘, 36C’’ after 5
126	126	‘‘, 36B’’. 6
127	127	(3) The table of sections for subpart C of part 7
128	128	IV of subchapter A of chapter 1 of the Internal Rev-8
129	129	enue Code of 1986 is amended by inserting after the 9
130	130	item relating to section 36B the following new item: 10
131	131	‘‘Sec. 36C. Credit for commercial truck drivers.’’.
132	132	(c) EFFECTIVEDATE.—The amendments made by 11
133	133	this section shall apply to taxable years ending on or after 12
134	134	December 31, 2023. 13
135	135	Æ
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