Managing the Financial Side of Commercial Fleets

Tax Credits for Safety Technologies

April 15, 2008

WASHINGTON, D.C. Legislation has been introduced in the House of Representatives that would provide fleets a tax incentive for purchasing safety technology, according to NAFA Fleet Management Association. 

H.R. 3820, the Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007, amends the Internal Revenue Code to allow a general business tax credit for 50 percent of the cost of placing in service any qualified commercial vehicle advanced safety system.  A "qualified commercial vehicle advanced safety system" is defined as a manufacturer-certified brake stroke monitoring system, lane departure warning system, collision warning system, or vehicle stability system identified by the Federal Motor Carrier Safety Administration or the National Highway Traffic Safety Administration as significantly enhancing the safety or security of commercial drivers, vehicles, or passengers, according to NAFA.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Sponsored by

Terminology used in many European countries to define closed end Operating Leases where the lessor is responsible for the cost of maintenance and tires in addition to taking residual value risk.

Read more

Up Next

More From The World's Largest Fleet Publisher