H.R. 7944

Summary

H.R. 7944, the Semi-Trailer Tax Parity Act, was introduced in the House on Mar 16, 2026 by Rep. Blake Moore (R) with 8 co-sponsors. It was referred to Ways And Means, and last saw action on Mar 16, 2026: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 7944 has 8 co-sponsors.

119 HR 7944 IH: Semi-Trailer Tax Parity Act
 U.S. House of Representatives
 2026-03-16
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7944  IN THE HOUSE OF REPRESENTATIVES   March 16, 2026   Mr. Moore of Utah  (for himself and  Mrs. Torres of California ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to apply the floor plan
  financing interest rules to semi-trailers.
1.
Short title
This Act may be cited as the   Semi-Trailer Tax Parity Act  .
2.
Application of floor plan financing interest rules to semitrailers
(a)
In general
 Section 163(j)(9)(C)  of the Internal Revenue Code of 1986 is amended by adding at the end the following:  Such term shall further include any truck trailer or semi-trailer chassis or truck trailer or semi-trailer bodies (within the meaning of subparagraphs (C) and (D) of section 4051(a)(1), but without regard to whether the acquisition is the first retail sale of such property) which are not described in section 4051(a)(3). .
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

To amend the Internal Revenue Code of 1986 to apply the floor plan financing interest rules to semi-trailers.

Sponsors

Rep. Blake Moore (R) sponsors H.R. 7944, and 8 members have co-sponsored it, 1 of them from the day it was introduced.

Blake Moore

Rep. · R–UT-1 · Sponsor

Introduced Mar 16, 2026

Norma Torres

Rep. · D–CA-35 · Co-sponsor

Joined Mar 16, 2026 · Original

Mike Kennedy

Rep. · R–UT-3 · Co-sponsor

Joined Apr 16, 2026

Greg Murphy

Rep. · R–NC-3 · Co-sponsor

Joined Jun 24, 2026

Rudolph Yakym III

Rep. · R–IN-2 · Co-sponsor

Joined Jul 21, 2026

Michelle Fischbach

Rep. · R–MN-7 · Co-sponsor

Joined Aug 20, 2026

Aaron Bean

R–FL-4 · Co-sponsor

Joined Aug 31, 2026

Mike Carey

R–OH-15 · Co-sponsor

Joined Sep 1, 2026

Ron Estes

R–KS-4 · Co-sponsor

Joined Sep 2, 2026

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Committees

H.R. 7944 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Mar 16, 2026 · 1,160 Bills

Actions

H.R. 7944 has taken 2 actions since Mar 16, 2026.

Votes

H.R. 7944 has not gone to a roll call.

Titles

H.R. 7944 goes by 3 titles, 1 of them short titles.

• Semi-Trailer Tax Parity Act — Display Title
• Semi-Trailer Tax Parity Act — Short Title(s) as Introduced
• To amend the Internal Revenue Code of 1986 to apply the floor plan financing interest rules to semi-trailers. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 7944 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7944’s is Taxation.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7944, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 47 (Monday, March 16, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MOORE of Utah:H.R. 7944.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2530]

Source: congress.gov · legiscan.com