A World War 1 era tax, the Truck FET has long been an issue for buyers of new trucks. The tax currently adds an additional $20,000 to more than $50,000 to the cost of each new truck purchased, thus acting as a strong deterrent to new truck and trailer sales.| American Transportation Research Institute
Repealing the Federal Excise Tax on New Truck Equipment: Impacts and Opportunities for Industry Safety and Operations| American Transportation Research Institute