Tax Credit For CDL Training Purposes
Finally, a tax break for the trucking industry! This is big. Unlike the old joke that begins with, “Hi I’m from the government and I’m here to help you,” this actually provides some relief. Ohio House Bill 222 has already passed in the Ohio House of Representatives and, if passed into law by the State Senate, will provide you with a tax credit for training CDL drivers. Wow! It’s about time.
We’ve been writing about the driver problem for 30 years. Until recently, we argued against the prevailing wisdom that there’s a driver shortage in America. Historically, our articles refer to the driver problem, which is constant turnover and churn. However, we’re beginning to change our tune. We find ourselves in 2020 feeling the confluence of an aging driver population juxtaposed with a rapidly growing young generation that has no interest in driving a truck for a living. That’s a double whammy.