Topics: Tax Reform

IRS Proposes Updates to Highway Vehicle Excise Tax Rules

The IRS on March 31 issued proposed regulations intended to update highway vehicle excise tax rules in light of legislative changes and court decisions in recent years. More

NATSO Urges Senate Vote on Death Tax Repeal

NATSO joined more than 112 associations representing small businesses across the United States in urging the Senate to vote on the House passed Death Tax Repeal Act of 2015 (H.R. 1105), which would end the federal estate tax. More

December 2015 Tax Changes: What Is of Importance to Truckstops and Travel Plazas Members Only Join or Login

In December 2015, President Obama signed into law a series of tax changes that are important to NATSO members. More

Potential Tax Code Changes of Importance to Truckstops and Travel Plazas Members Only Join or Login

In the coming years, Congress will begin considering a comprehensive overhaul of the U.S. tax code, including potential revisions to a variety of tax previsions that are critical to NATSO members’ operations. More

Heavy Highway Vehicle Tax Payments Due Aug. 31

Owners of heavy highway vehicles are reminded to file their next federal highway use tax return with the Internal Revenue Service (IRS) by Aug. 31. More

Sen. Roberts Introduces Bill to Make Bonus Depreciation Permanent

U.S. Senator Pat Roberts (R-Kan.) on June 24 introduced legislation that seeks to amend the U.S. tax code to indefinitely renew the expired tax break known as bonus depreciation. More

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. More

Senate Bill Seeks Infrastructure Tax Credit

Sens. Ron Wyden (D-Ore.) and John Hoeven (R-N.D.) on May 3 introduced a measure that would expand the use of tax-exempt bonds and create a new tax credit aimed at increasing private investment in public infrastructure projects. More

Virginia Pilot Urges Elected Officials to Increase Federal Fuel Tax

If Congress and the President are serious about repairing the nation's deteriorating infrastructure and laying a foundation for long-term growth, they need to raise the federal gas tax, the Virginia Pilot Editorial Board recently wrote. More

House T&I Chairman Reaffirms Opposition to Fuel Tax Increase

House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) reaffirmed his opposition to increasing the motor fuels tax as a means of funding surface transportation, but said lawmakers must identify a funding mechanism by Easter recess if they want to pass a long-term bill before current law expires May 31. More

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