image of heavy truck, idling

'Bailout' Plan Includes Heavy Truck Tax Break for Idle-Reduction Devices

The recent $700 billion financial rescue plan not only bailed out financial institutions it also amended the Internal Revenue Code to give tax exclusions for idling reduction devices and advanced insulation, effective Oct. 3, 2008. According to the new law, heavy truck purchasers will not be required to pay the heavy truck tax on:

  • Any device or system of devices designed to provide to a vehicle those services (such as heat, air conditioning, or electricity) that would otherwise require the operation of the main drive engine while the vehicle is temporarily parked or remains stationary using one or more devices affixed to a tractor; and
  • Any insulation that has an R value of not less than R35 per inch.

However, for idling reduction devices to qualify for the tax break, they must be determined by EPA in consultation with the Department of Energy and DOT to reduce idling of such vehicles at a motor vehicle rest stop or other location where such vehicles are temporarily parked or remain stationary. To read the rule, search for "HR 1424" at thomas.loc.gov, and look for Section 206, "Exclusion from Heavy Truck Tax for Idling Reduction Units and Advanced Insulation."

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Comply with OSHA’s Electronic Recordkeeping Requirements

    Collect relevant incident data and generate accurate OSHA 300, 300A, and 301 regulatory reports, including 300A CSV files for easy electronic submission to OSHA.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus
Live From Safety