Rep. Rooney, who met with employees and toured the dealership, was the first cosponsor of H.R. 2946, a bill that would repeal the 12-percent federal excise tax (FET) on the sale of heavy-duty trucks and trailers.
Workshop Recordings from NADA Show and ATD Show 2018 are now available as an exclusive membership benefit.
“Overall employment at U.S. truck dealerships is the highest it has been in the last five years,” said ATD Senior Economist Patrick Manzi. “Truck dealers continue to contribute to their communities with jobs that pay well and offer the ability for advancement.”
Teuton urged dealers to take an interest in legislative issues – such as the President’s infrastructure proposal, changes to the tax code and regulatory burdens – that impact truck dealerships.
“ATD supported new legislation, H.R. 2946, which would eliminate the archaic federal excise tax altogether,” said Parker, president of Baltimore Potomac Truck Centers in Linthicum, Md.
Rick Reynolds, president of Peach State Truck Centers in Norcross, Ga., was named 2018 Truck Dealer of the Year—a national award that recognizes commercial-truck dealers for business performance, industry and civic leadership and community service.