OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Introduction of the Commercial Motor Vehicle Advanced Safety Technology Tax Act

By: Ron Lewis
By: Ron Lewis
Date: Oct. 22, 2007
Location: Washington, DC


INTRODUCTION OF THE COMMERCIAL MOTOR VEHICLE ADVANCED SAFETY TECHNOLOGY TAX ACT -- (Extensions of Remarks - October 22, 2007)

[Page: E2198]

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SPEECH OF
HON. RON LEWIS
OF KENTUCKY
IN THE HOUSE OF REPRESENTATIVES
MONDAY, OCTOBER 22, 2007

* Mr. LEWIS of Kentucky. Madam Speaker, I rise to inform my colleagues of legislation I have co-authored with my colleague MIKE THOMPSON (D-CA) to promote the installation of proven advanced safety technology on heavy-duty vehicles.

* The Commercial Motor Vehicle Advanced Safety Technology Tax Act (H.R. 3820) will create a tax incentive for owners of heavy-duty vehicles and the manufacturers of public and school buses to purchase and install safety systems proven to reduce accident rates. These include:

* Brake Stroke Monitoring System--A system that monitors vehicle brakes to ensure they are functioning properly;

* Lane Departure Monitoring System--A system that warns the driver when the vehicle drifts into the wrong lane;

* Collision Warning System--A system that warns the driver if the vehicle is getting close enough to another vehicle or object to cause accident;

* Vehicle Stability System--A system that autocorrects the vehicle when there is a threat of the vehicle rolling over.

* These technologies directly address the most common causes of heavy-duty vehicle accidents as identified in a March 2006 report by the Federal Motor Carrier Safety Administration.

* Specifically, large truck and bus owners who purchase one or more of these systems would be eligible for a tax credit of up to $3,500 annually, with a maximum of $1,500 per system. Owners of vehicle fleets would be eligible for a maximum credit of $350,000 per year. Manufacturers who sell large trucks or buses to nonprofit entities, like schools or city transit authorities, would be eligible for the tax credit if they install the systems prior to vehicle delivery.

* The Commercial Motor Vehicle Advanced Safety Technology Tax Act will reduce cost barriers for these safety systems, improving road safety and improving overall road safety.

* I urge my colleagues to support this bill.


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