H.R. 7944

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7944 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7944

To amend the Internal Revenue Code of 1986 to apply the floor plan 
financing interest rules to semi-trailers.

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IN THE HOUSE OF REPRESENTATIVES

March 16, 2026

Mr. Moore of Utah (for himself and Mrs. Torres of California) 
introduced the following bill; which was referred to the Committee on 
Ways and Means

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A BILL

To amend the Internal Revenue Code of 1986 to apply the floor plan 
financing interest rules to semi-trailers.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Semi-Trailer Tax Parity Act''.

SEC. 2. APPLICATION OF FLOOR PLAN FINANCING INTEREST RULES TO 
SEMITRAILERS.

(a) In General.--Section 163(j)(9)(C) of the Internal Revenue Code 
of 1986 is amended by adding at the end the following: ``Such term 
shall further include any truck trailer or semi-trailer chassis or 
truck trailer or semi-trailer bodies (within the meaning of 
subparagraphs (C) and (D) of section 4051(a)(1), but without regard to 
whether the acquisition is the first retail sale of such property) 
which are not described in section 4051(a)(3).''.
(b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
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