Bill > HR2391

This bill establishes a refundable tax credit for commercial truck drivers to incentivize and support professionals in the trucking industry. Specifically, the bill creates a $7,500 tax credit for eligible truck drivers who hold a valid Class A commercial driver's license, operate a tractor-trailer, and meet certain income and work hour requirements. Drivers must earn less than $90,000-$135,000 annually (depending on filing status) and work at least 1,900 hours in the trucking trade during the tax year. The bill includes special provisions for truck driving apprentices, allowing them to count training hours toward the work requirement, and provides an increased $10,000 credit for new truck drivers in their first year. The tax credit includes an inflation adjustment mechanism and is set to expire on December 31, 2026. Additionally, the bill offers a prorated credit for new drivers who work fewer than 1,420 hours, ensuring partial benefits for those entering the profession. The purpose of this legislation appears to be addressing truck driver shortages, supporting workforce development in the transportation sector, and providing financial support to commercial truck drivers.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2391/all-info