Topics: Tax Reform

Rep. Shuster Believes Tax Bill Key to Infrastructure Funding

House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) said Sept. 11 that a comprehensive tax code rewrite could be the solution to fixing the insolvency of the Highway Trust Fund, according to BNA. More

Senate Finance to Revamp U.S. Tax Code

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. More

IRS Accepting Electronic Filings for Motor Fuel Excise Tax-Related Claims

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. More

House Approves H.R. 8 to Extend 2001 and 2003 Tax Rates

The U.S. House of Representatives last week voted 256 to 171 in favor of H.R. 8, the “Job Protection and Recession Prevention Act,” which would extend the 2001 and 2003 tax rates through 2013. More

Small-Business Tax Break Fails to Move Forward

The Senate failed to end debate on the Small Business Jobs and Tax Relief Act last week. S. 2237 would extend write-offs for capital investment and award a 10 percent tax credit to companies that add workers to their payrolls or increase wages. More

Tax Extenders Package Update

NATSO and others have advocated an extension of the biodiesel blenders tax credit that expired last year. More

House Passes Small Business Tax Credit

U.S. House of Representatives voted 235-173 in favor of the Small Business Tax Cut Act last week. More

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