JOIN BENDIX IN SUPPORT OF THE COMMERCIAL MOTOR
VEHICLE ADVANCED SAFETY TECHNOLOGY TAX ACT OF 2009
Reducing accidents. Preventing injuries. Minimizing property damage. Saving lives. Every day, that’s what commercial vehicle safety technologies accomplish on our nation’s highways.
That’s why Bendix Commercial Vehicle Systems LLC supports legislation that encourages the implementation of safety technologies in commercial vehicle applications. If passed, the Commercial Motor Vehicle Advanced Safety Technology Act of 2009 (H.R. 2024) would provide an income tax credit to facilitate the development and deployment of advanced safety systems for commercial motor vehicles.
The legislation provides a credit equal to 50 percent of the cost of any qualified commercial vehicle safety system that is placed into service during the tax year. The bill cites brake stroke monitoring systems, lane departure warning systems, collision warning systems, and vehicle stability systems as technologies that have the potential to enhance the safety or security of the driver, vehicle, passengers, or load of a qualified commercial vehicle.
Bendix believes H.R. 2024 is a strong and necessary step in helping make vehicle safety technologies even more affordable for today’s safety-conscious fleets. As the cost of operating a fleet continues to rise, Bendix supports incentives that help remove barriers to the adoption of these vital safety technologies.
Collision Warning Systems
- Lane Departure Warning Systems
- Vehicle Stability Systems
- Brake Stroke Monitoring Systems
- Equal to 50 percent of the cost of a qualified system up to $1,500
- Total credit allowed up to $3,500 per vehicle
- Taxpayer limited to $350,000 per taxable year
Manufacturer of system is required to certify that the system is appropriate for the vehicle and will
function as designed if installed properly
- In cases where technology is installed in an aftermarket setting or retrofitted to the vehicle, the installer
is to certify that the system is properly installed and properly functioning on the vehicle
School buses
- Intercity or local buses
- Vehicles used to transport persons or property in commerce and weighing 26,001 pounds or more
The tax credit takes effect upon enactment of the legislation and sunsets on December 31, 2014
We encourage all who participate in, benefit from, or support the trucking industry, to urge their elected officials to support this bill. Please take the time to contact your representatives directly, and communicate to them your support of legislation that helps to further enhance the safety of U.S. highways.
- VIEW THE BILL TEXT AND CO-SPONSORS:
Want to see it for yourself? Click here for more details.
- IDENTIFY AND GET CONTACT INFORMATION FOR YOUR REPRESENTATIVE:
Not sure who to contact? Click here to locate your representative.
- SEND A LETTER:
Ready to send a letter to your representative? Click here for a letter template.
- LEARN MORE ABOUT THE BENDIX POSITION ON HIGHWAY SAFETY:
Want to learn more about our many initiatives aimed at enhancing highway safety? Click here.
For nearly 80 years, Bendix has been a pioneer and a leader in delivering technologies that improve highway safety. Click here to learn more about the products available from Bendix and Bendix Spicer Foundation Brake LLC.