tax reform Articles

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IRS Releases Fact Sheet on Tax Reform Changes for Businesses

October 11, 2018

IRS Releases Fact Sheet on Tax Reform Changes for Businesses

The IRS released a fact sheet summarizing changes from the Tax Cuts and Jobs Act that affect business taxpayers.

IRS Proposes New Rules Regarding Pass-Through Entities

September 4, 2018

IRS Proposes New Rules Regarding Pass-Through Entities

In early August the Trump Administration proposed regulations that would implement and interpret the new rules governing pass-through entities pursuant to the comprehensive tax reform law that was enacted last year. As a general matter, section 199A of the tax reform law allows taxpayers other than corporations a deduction of 20 percent of qualified business income earned in a qualified trade or business, subject to certain limitations.

NATSO ANALYSIS: Treatment of Pass-Through Entities Subject to Debate as Tax Reform Legislation Enters Final Stretch

December 11, 2017

NATSO ANALYSIS: Treatment of Pass-Through Entities Subject to Debate as Tax Reform Legislation Enters Final Stretch

Determining how to treat businesses organized as pass-throughs has been one of the more controversial components of the tax reform legislation that congressional negotiators are attempting to finalize before Congress breaks for Christmas.

House Republicans Introduce Tax Reform Measure

November 3, 2017

House Republicans Introduce Tax Reform Measure

The House Ways and Means Committee on Nov. 2 released the Tax Cuts and Jobs Act to overhaul major aspects of the U.S. Tax system. The bill will be the subject of Committee consideration next week, kicking off formal tax committee action on the first such overhaul of the U.S. tax system in more than 30 years. Senate Finance Committee Chairman Orrin Hatch (R-UT) announced that he plans to release a Senate Republican version of a tax reform bill after the Ways and Means Committee completes its work, as soon as November 9. The Senate Finance Committee could consider its own plan at the same time the full House votes on its plan in an effort to make as much progress as possible on the legislation prior to Thanksgiving.

NATSO Details Ill Effects of Commercial Rest Areas for Independent Journal Review

August 9, 2017

NATSO Details Ill Effects of Commercial Rest Areas for Independent Journal Review

Businesses have invested heavily in real estate off interstate exits and allowing states to flip highway policy on its head and permit commercial rest areas after more than 50 years of established rules would devastate, truckstops, fuel retailers, convenience stores, hotel and blind vendors, NATSO told the Independent Journal Review in a recent interview.

NATSO Joins Coalition in Opposing Border Adjustment Tax

February 9, 2017

NATSO Joins Coalition in Opposing Border Adjustment Tax

NATSO joined a coalition of more than 120 retailers and trade associations representing millions of jobs in opposing the border-adjustment tax (BAT) proposal in the House Republican’s tax reform plan.

Looking Ahead to 2016

December 18, 2015

Looking Ahead to 2016

NATSO anticipates monitoring and advocating on more than a dozen public policy topics in 2016. Here’s a glimpse of some of the biggest issues facing NATSO members and what truckstop and travel plaza owners should prepare for as the 2016 Presidential race continues to heat up.

Rep. Boustany Opposes Using International Tax Reform for Highways

June 4, 2015

Rep. Boustany Opposes Using International Tax Reform for Highways

A key Republican working on a plan to rewrite the international tax code, said he would oppose any efforts to use his plan to help financing a highway funding package, Politico reported.

House Approves Highway Patch

May 20, 2015

House Approves Highway Patch

The U.S. House of Representatives voted 387-35 late May 19 to extend Highway Trust Fund financing for two months through the end of July.

House Ways and Means Chairman Eyes Short-Term Patch for Highway Trust Fund

March 26, 2015

House Ways and Means Chairman Eyes Short-Term Patch for Highway Trust Fund

House Ways and Means Committee Chairman Paul Ryan (R-Wisc.) said March 26 that he is working with House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) on a short-term patch to the Highway Trust Fund to allow more time to work on tax reform, Politico reported.

Tax Plans Spur Transportation Funding Debate

February 27, 2014

Tax Plans Spur Transportation Funding Debate

The long-standing debate over how to fund transportation was kicked into high gear Feb. 26, when President Obama and House Ways and Means Committee Chairman Dave Camp issued radically different tax plans for generating revenues for the Highway Trust Fund, which is set to expire at the end of October.

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