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Brand Protection/Anti-Counterfeiting Card Check and the Employee Free Choice Act Commercial Vehicle Safety Technology Global Environmental Regulations International Trade Negotiations Research and Development (R&D) Tax Credit Stopping Distance for Heavy Duty Trucks
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supplier issues Commercial Vehicle Safety TechnologyDescription: In October 2007, Representative Mike Thompson (D-CA) and Representative Ron Lewis (R-KY) introduced H.R. 3820, the Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007, which offers tax incentives to encourage and accelerate the production, sale, and use of commercial motor vehicles equipped with specific advanced safety technology systems. The bill creates a corporate income tax deduction equal to 50 percent of the cost of a qualified system up to $1,500, a total allowed credit up to $3,500 per vehicle, and a limit to the qualifying taxpayer of a maximum credit of $350,000 per taxable year. Collision warning systems, stability control systems, lane departure warning systems and brake stroke monitoring systems are covered under the legislation. Equipment that is installed on school buses, intercity buses, and commercial vehicles weighing over 26,000 pounds is eligible. In October 2007, MEMA hosted a “ride and drive” event in Washington that gave Members of Congress, congressional staff, and administration officials the opportunity to see firsthand these specific heavy duty safety technologies developed by the supplier industry. Status: MEMA is working with Reps. Thompson and Lewis to identify and secure cosponsors in order to move forward with the legislative proposal. Impact on Industry: MEMA will serve as a leader in the effort to promote this legislation, given that the primary beneficiaries are heavily centered within its membership. Unlike other concerns, this legislation remains an industry-specific matter and will require a consistent campaign by MEMA and its market segment association members to progress. 2008 Anticipated Action: MEMA will continue to push H.R. 3820 closer to passage. MEMA will also be working with market segment association members to sponsor a congressional briefing early in 2008 on the technology and the legislation. MEMA Staff Contact:
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