tax News Updates
ATA Asks Congress to Prohibit States from Taxing Nonresident Carriers
Congress should pass legislation to prohibit states from imposing business taxes on for-hire interstate carriers unless the carriers have real property in the state or received operating authority from it, American Trucking Associations told the U.S. Senate Finance Committee.
May 14, 2012Kansas Repealing Property Tax on Trucking Equipment
Kansas Gov. Sam Brownback signed legislation that as of 2014 repeals the state鈥檚 56-year-old property tax on trucks, tractors and trailers.
April 17, 2012Arkansas Truckers Will Try Again to Raise State鈥檚 Diesel Tax
Arkansas truckers will try again next year to persuade the legislature there to pass a bill to raise the state鈥檚 22.8-cent diesel tax by 5 cents to pay for improved roads and bridges.
January 31, 2012Obama to Propose Tax Credits for Buying Natural Gas Trucks
Standing amid a fleet of trucks powered by liquefied natural gas, President Obama last week said he would propose tax credits for carriers who buy trucks powered by the fuel.
January 30, 2012Highway Trust Fund Hurt by Tax Revenue Losses
Mirroring the devastation the recession wreaked on the trucking industry, revenue from taxes truckers pay to support the nation鈥檚 highway system plummeted during the global crisis and has yet to fully recover.
January 23, 2012Report Cites States鈥 Reluctance to Raise Fuel Taxes
State governments are losing out on over $10 billion in transportation revenue each year, due to states鈥 reluctance to raise fuel taxes, according to a study released Wednesday.
December 14, 2011North Carolina Senate Rejects Capping Fuel Taxes
The North Carolina State Senate has killed a proposal to cap the state鈥檚 35-cent tax on gasoline and diesel, which is about to rise sharply, by voting to end its session.
December 6, 2011Opinion: Third Time Could Be the Charm
Will the old saw, 鈥渢hird time鈥檚 the charm,鈥 turn out to be true for the truck safety tax-credit bill? That鈥檚 what carriers of all sizes are hoping for 鈥 although the larger fleets may be hoping a tad harder than their smaller colleagues.
November 14, 2011Threat to End Federal Fuel Taxes Concerns Transportation Officials
Faced with the expiration in September of federal transportation taxes on gasoline and diesel fuel, highway advocates say they are increasingly worried that the anti-tax, anti-government rancor that characterized the debt ceiling battle could endanger the nation鈥檚 transportation system.
August 8, 2011Beware the Next Threat
Just when it seemed that the worst of the mayhem caused by Washington鈥檚 bizarre handling of the debt-limit crisis appears to have passed 鈥 as Congress broke for its summer recess 鈥 enter the latest peculiar chapter.
August 8, 2011Follow Us
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