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.
07-25-2013 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.
07-24-2013 Beginning July 1, a number of states will see changes to the price of fuel at the pump as new taxes take effect.
06-24-2013 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.
06-17-2013 At least 18 state legislatures have either passed tax increases this year to fund infrastructure or are considering it.
06-03-2013 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.
05-20-2013 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.
03-25-2013 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.
03-18-2013 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.
03-11-2013 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.
02-25-2013 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.
02-25-2013