Bill > HR2450

This bill establishes a refundable tax credit of $7,500 for eligible commercial truck drivers in the United States. To qualify, the individual must hold a valid Class A commercial driver's license, have an adjusted gross income below certain thresholds, and have driven a tractor-trailer combination vehicle for at least 1,900 hours during the taxable year (or an average of a certain number of hours per week if they did not drive a commercial truck in the previous year). The bill also includes a special rule for apprentices enrolled in a registered program who will receive a Class A license, as well as a higher $10,000 credit for new truck drivers and a proportional credit for those who drove less than 1,420 hours. The credit is subject to an annual cost-of-living adjustment and will expire for taxable years beginning after December 31, 2024.