A bill to amend the Internal Revenue Code of 1954 to provide that a fire or rescue vehicle and a chassis sold for conversion into a fire or rescue vehicle, an ambulance, hearse or combination ambulance-hearse will be exempt from the excise tax on trucks.

Amends the Internal Revenue Code to exempt from the manufacturers excise tax on trucks: (1) any fire or rescue vehicle; and (2) any chassis sold for conversion to use as an ambulance, hearse, combination ambulance-hearse, or fire or rescue vehicle. Permits the credit or refund of overpayments of the excise tax imposed on chassis sold for such conversion.