Tax Reform

Travel plazas and truckstops are generally one of the largest taxpayers in their respective communities. As Congress considers comprehensive tax reform legislation, NATSO will work to ensure they consider the industry's important perspective.   

There are a number of provisions in the U.S. tax code that impact travel plazas’ and truckstops’ operations.  NATSO members operate diverse businesses, and their ability to grow and create jobs depends largely on a fair, efficient tax code.  What’s more, many NATSO members pay taxes at individual rates, including owners who pay taxes on income that comes through S corps, limited liability companies (LLCs), and other “pass-through” entities.  

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  • NATSO Summary and Analysis of Tax Reform Legislation for Truckstops and Travel Plazas

    In late December, 2017, Congress passed the most comprehensive rewrite of the U.S. tax code in more than 20 years. The legislation contains a litany of substantial policy changes that will have direct implications for travel plaza and truckstop businesses. NATSO has provided for its members this detailed summary and analysis of this legislation and the affect it could have on their businesses.

    • Tax Reform
    • David Fialkov
    • Comments
  • Recent Items

  • 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.

    • Tax Reform
    • NATSO
    • Comments

  • 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.

    • Tax Reform
    • David Fialkov
    • Comments

  • 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.

    • Tax Reform
    • NATSO
    • Comments

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