Lancer Insurance
Saturday, March 02, 2024

The American Bus Association (ABA) recently released a statement of support of the CERTS Tax Exemption Act (HR 7477). The legislation introduced by Reps. Jimmy Panetta (D-Calif.), Darin LaHood (R-Ill.), Albio Sires (D-N.J.), and John Rose (R-Tenn.) would provide tax relief to the motorcoach, school bus, and passenger vessel industries devastated by the COVID pandemic.

ABA Peter Pantuso ABA President & CEO Peter Pantuso

The bill would make the $2 billion Coronavirus Economic Relief for Transportation Services (CERTS) Act money tax-exempt grants, which would bring parity with other industries that received relief funds from Congress such as the Paycheck Protection Program, Shuttered Venues Operators Grant, and the Restaurant Revitalization Fund grants, which are all tax-exempt.

"We appreciate the continued support we have received from Reps. Panetta, Sires, LaHood, and Rose in recognizing the important role of the motorcoach industry plays in the United States transportation system and economy," said ABA President & CEO Peter Pantuso. "This legislation is about fairness. The emergency grants awarded through the CERTS Act program should be treated the same way the Paycheck Protection Program (PPP), Shuttered Venues Operators Grant program (SVOG), and the Restaurant Revitalization Fund (RRF) grant program were treated in terms of taxation."

ABA thanks Reps. Panetta, LaHood, Sires, and Rose for their hard work in crafting this important legislation and their commitment to helping the school bus, motorcoach and passenger vehicles industries recover from this pandemic and urges House Leader Nancy Pelosi to act on this vital legislation as soon as possible.

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