Federal Excise Tax
Enacted in 1917 to help pay for World War I, the Federal Excise Tax (FET) on heavy duty trucks is the highest tax Congress has imposed on any product.
The Federal Excise Tax (FET), first enacted in 1917 to help pay for World War I, is a 12% excise tax on the sale of most new heavy-duty trucks that remains to this day. The tax depresses the sale of heavy-duty trucks–the vast majority of which are manufactured in America, and delays the purchase of safer and more fuel-efficient trucks. NADA and the American Truck Dealers (ATD) is urging Congress to repeal the tax.
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