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Highway Trust Fund Tax Receipts Rebound
August 24, 2020 by NAPA Government Affairs

The U.S. Treasury Department published the monthly report of Highway Trust Fund (HTF) tax receipts for July 2020. Revenue from the federal excise taxes on motor fuels and trucking rebounded to slightly above July 2019 levels. July 2020 HTF net tax receipts totaled $3.84 billion, which is $201 million above the July 2019 level. All five of the HTF's excise taxes – including the 12 percent sales tax on new heavy trucks and trailers – were up from July 2019 levels.

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