Treasury Department Articles

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Treasury Department Withdraws Regulations Increasing Estate Tax Burden on Family Businesses

October 6, 2017

Treasury Department Withdraws Regulations Increasing Estate Tax Burden on Family Businesses

In a positive development for NATSO members and family businesses throughout the country, the Treasury Department has formally announced that it will withdraw the so-called "Section 2704 regulations" on family business valuation. These regulations would have increased the estate tax (aka "death tax") burden on family businesses.

Legislation Introduced to Streamline Employer Reporting Requirements Under Affordable Care Act

October 3, 2017

Legislation Introduced to Streamline Employer Reporting Requirements Under Affordable Care Act

U.S. Sens. Mark R. Warner (D-Va.) and Rob Portman (R-Ohio) introduced bipartisan legislation Oct. 3 that seeks to streamline the employer reporting requirements under the Patient Protection and Affordable Care Act (ACA), to make it more flexible and less burdensome for employers.

House Transportation Committee Holds Hearing on Infrastructure Policy, Funding

February 2, 2017

House Transportation Committee Holds Hearing on Infrastructure Policy, Funding

In the first of what will surely be many Congressional hearings on highway policy this year, the House Transportation and Infrastructure Committee heard from executives at FedEx, Cargill, BMW, and Vermeer Corp., as well as the AFL-CIO. The hearing was widely bipartisan, and lawmakers called it a good first step in the process of developing a massive infrastructure plan. But it remains clear that Congress and the White House still have a long way to go before they can agree on a viable path forward to raise the necessary revenue to improve the nation's transportation system.