Topics: tax reform

IRS Releases Fact Sheet on Tax Reform Changes for Businesses

The IRS released a fact sheet summarizing changes from the Tax Cuts and Jobs Act that affect business taxpayers. More

IRS Proposes New Rules Regarding Pass-Through Entities

In early August the Trump Administration proposed regulations that would implement and interpret the new rules governing pass-through entities pursuant to the comprehensive tax reform law that was enacted last year. As a general matter, section 199A of the tax reform law allows taxpayers other than corporations a deduction of 20 percent of qualified business income earned in a qualified trade or business, subject to certain limitations. More

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. More

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. More

NATSO Details Ill Effects of Commercial Rest Areas for Independent Journal Review

Businesses have invested heavily in real estate off interstate exits and allowing states to flip highway policy on its head and permit commercial rest areas after more than 50 years of established rules would devastate, truckstops, fuel retailers, convenience stores, hotel and blind vendors, NATSO told the Independent Journal Review in a recent interview. More

NATSO Joins Coalition in Opposing Border Adjustment Tax

NATSO joined a coalition of more than 120 retailers and trade associations representing millions of jobs in opposing the border-adjustment tax (BAT) proposal in the House Republican’s tax reform plan. More

Looking Ahead to 2016

NATSO anticipates monitoring and advocating on more than a dozen public policy topics in 2016. Here’s a glimpse of some of the biggest issues facing NATSO members and what truckstop and travel plaza owners should prepare for as the 2016 Presidential race continues to heat up. 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

House Approves Highway Patch

The U.S. House of Representatives voted 387-35 late May 19 to extend Highway Trust Fund financing for two months through the end of July. More

House Ways and Means Chairman Eyes Short-Term Patch for Highway Trust Fund

House Ways and Means Committee Chairman Paul Ryan (R-Wisc.) said March 26 that he is working with House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) on a short-term patch to the Highway Trust Fund to allow more time to work on tax reform, Politico reported. More

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