The Strengthen Supply Chains Through Truck Driver incentives Act (H.R.7348), sponsored by Rep. Abigail Davis Spanberger (D-VA7) would give certain commercial truck drivers a tax credit if they meet certain qualifications. If a driver’s adjusted gross income is $90,000 or less ($135,000 for joint filers and $112,500 for heads of household), and they drove for 1,900 hours in a trade or business in that year, the driver would be eligible for a $7,500 tax credit
Truck drivers are the backbone of our economy, and with continued supply chain issues and worker shortages, they are doing more than ever. ABMA supports this legislation because it supports the truck drivers in our industry who deliver the supplies and goods our retail members need to sell and get products to construction sites and other customers.