H.R. 9059 seeks to amend the Internal Revenue Code of 1986 by introducing an excise tax credit specifically for certain heavy trucks that operate in power take-off mode, such as mobile mounted concrete boom pump vehicles. The bill outlines that if these vehicles do not meet specific...
Simple Explanation
H.R. 9059 is like a special coupon for big trucks that use a lot of fuel when working, like trucks with concrete pumps. If the trucks meet the rules, they get to pay less for their fuel, starting in 2025.