Tax Articles

First Prev Page of 1 Next Last Show per page, 20 total
Headline

As Highway Trust Fund Hits Insolvency, Lawmakers Discuss Gas Tax Increase

July 25, 2013

As Highway Trust Fund Hits Insolvency, Lawmakers Discuss Gas Tax Increase

Lawmakers on the House Transportation and Infrastructure Committee on Tuesday debated the possibility of increasing the 18.4 cents per gallon federal gas tax for the first time since 1993.

Senate Finance to Revamp U.S. Tax Code

July 24, 2013

Senate Finance to Revamp U.S. Tax Code

Senate Finance Committee Chairman Max Baucus said his committee will consider revamping the U.S. tax code this year to lower tax rates and broaden the tax base. Similar efforts are underway in the U.S. House of Representatives, where Ways and Means Committee Chairman Dave Camp (R-Mich.) is pushing a tax rewrite.

Fuel Tax Changes Take Effect in Several States July 1

June 24, 2013

Fuel Tax Changes Take Effect in Several States July 1

Beginning July 1, a number of states will see changes to the price of fuel at the pump as new taxes take effect.

States Consider Charging Fees for Electric and Hybrid Vehicles

June 17, 2013

States Consider Charging Fees for Electric and Hybrid Vehicles

Lawmakers tasked with finding new revenue streams to fund infrastructure projects increasingly are asking drivers of electric and hybrid vehicles to pay their fair share of infrastructure fees.

States Continue to Propose Tax Changes to Fund Infrastructure

June 10, 2013

States Continue to Propose Tax Changes to Fund Infrastructure

The number of states considering tax changes to fund infrastructure continues to grow.

States Continue to Propose Tax Changes to Fund Infrastructure

June 3, 2013

States Continue to Propose Tax Changes to Fund Infrastructure

At least 18 state legislatures have either passed tax increases this year to fund infrastructure or are considering it.

USA Today Editorial Calls For Increasing the Gas Tax

May 20, 2013

USA Today Editorial Calls For Increasing the Gas Tax

Increasing the federal motor fuels tax is the simplest, fairest and least invasive way to increase revenues for infrastructure spending, USA Today stated in a recent editorial.

MD Lawmakers Approve Gas Tax Increase

April 1, 2013

MD Lawmakers Approve Gas Tax Increase

Maryland lawmakers gave final approval Friday to the first increase in the state’s gas tax in 20 years. Under the bill, which passed the Senate 27 to 20, motorists can expect to pay between 13 and 20 cents more per gallon by mid-2016.

Broad Tax Reform Could Open Door to Fuel Tax Increase

March 25, 2013

Broad Tax Reform Could Open Door to Fuel Tax Increase

House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) said last week that an increase in the federal fuel tax could be included in a broader tax reform package.

IRS Accepting Electronic Filings for Motor Fuel Excise Tax-Related Claims

March 18, 2013

IRS Accepting Electronic Filings for Motor Fuel Excise Tax-Related Claims

The Internal Revenue Service announced that it has finished updating its tax-processing system software allowing business and individual taxpayers to once again electronically file 2012 federal tax returns, including motor fuel excise tax returns, biodiesel credit claims as well as alternative fuel and alternative fuel mixture credits and income tax returns.

Maryland Latest State Seeking to Impose Wholesale Tax on Fuel

March 11, 2013

Maryland Latest State Seeking to Impose Wholesale Tax on Fuel

Maryland Gov. Martin O'Malley (D) last week unveiled a new transportation funding plan that would lower the state's excise tax on gasoline and replace it with a sales tax on the wholesale price. The governor appears to be following the lead of neighboring state Virginia, which passed a similar plan last month.

Wyoming Passes Legislation Increasing Fuel Tax

February 25, 2013

Wyoming Passes Legislation Increasing Fuel Tax

Wyoming Gov. Matt Mead (R) has signed a bill that will increase the state's tax on diesel and gasoline to 24 cents beginning in July, up from the current 14-cent-per-gallon tax.

New York Bill Creates Incentives for Truck Parking

February 25, 2013

New York Bill Creates Incentives for Truck Parking

The New York State Legislature is considering a measure that would create tax incentives and a loan program to fund truck parking in the state. The bill, S3773, would create a 50 percent tax credit for owners or operators of private rest areas, truckstops and travel plazas that provide truck drivers with safe parking, and create a 20 percent tax credit for shipping and receiving facilities that agree to provide truck drivers with a secure area to rest while waiting for pending appointments or to observing federal hours-of-service regulations. The measure is awaiting consideration in the Senate Transportation Committee.

House Bill Would Eliminate Energy Tax Credits

January 21, 2013

House Bill Would Eliminate Energy Tax Credits

U.S. Rep. Mike Pompeo (R-Kan.) has reintroduced legislation that would repeal numerous energy tax subsidies, including the cellulosic biofuel producer credit, the biodiesel and renewable diesel tax credit, the wind production tax credit and the enhanced oil recovery credit.

"Fiscal Cliff" Legislation Includes Biodiesel Tax Credit

January 7, 2013

"Fiscal Cliff" Legislation Includes Biodiesel Tax Credit

The House and Senate passed legislation Tuesday designed to avert the so-called fiscal cliff, a combination of tax increases for individuals and cuts to government spending. The legislation overwhelmingly passed the Senate, 89-8, and passed the House 257-167, with 85 Republicans voting in favor of the legislation.

"Fiscal Cliff" Legislation Includes Biodiesel Tax Credit

January 2, 2013

"Fiscal Cliff" Legislation Includes Biodiesel Tax Credit

The House and Senate passed legislation Tuesday designed to avert the so-called fiscal cliff, a combination of tax increases for individuals and cuts to government spending. The legislation overwhelmingly passed the Senate, 89-8, and passed the House 257-167, with 85 Republicans voting in favor of the legislation. The legislation includes extensions of some energy tax credits that are important to NATSO members.

Virginia Lawmaker Proposes Fuel Tax Increase Instead of Tolls

November 19, 2012

Virginia Lawmaker Proposes Fuel Tax Increase Instead of Tolls

Virginia State Sen. John Watkins rolled out his new transportation funding plan that will raise the gas tax, lower the income tax, and eliminate tax credits and exemptions. The plan includes a 14-cent per gallon fuel tax increase that Watkins said would raise about $734 million and avoid tolls proposed by Gov. Bob McDonnell to pay for road construction. Watkins said he will propose the legislation in January.

Small Businesses Remain Concerned Over Health Care Law

September 1, 2012

Small Businesses Remain Concerned Over Health Care Law

Expert explore costs of the recently upheld the health care law.

All in the Family

January 1, 2011

All in the Family

How to run a family business successfully

Commercial Buildings Can Go Green and Save Big

January 1, 2011

Commercial Buildings Can Go Green and Save Big

The lights are always on at businesses that operate 24 hours a day, seven days a week.

First Prev Page of 1 Next Last Show per page, 20 total