tax News Updates

Business

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, 2012
GovernmentBusiness

Kansas Repealing Property Tax on Trucking Equipment

Kansas Gov. Sam Brownback signed legislation that as of 2014 repeals the states 56-year-old property tax on trucks, tractors and trailers.

April 17, 2012
GovernmentBusiness

Arkansas Truckers Will Try Again to Raise States Diesel Tax

Arkansas truckers will try again next year to persuade the legislature there to pass a bill to raise the states 22.8-cent diesel tax by 5 cents to pay for improved roads and bridges.

January 31, 2012
Business

Obama 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, 2012
Business

Highway 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 nations highway system plummeted during the global crisis and has yet to fully recover.

January 23, 2012
Business

Report Cites States Reluctance to Raise Fuel Taxes

State governments are losing out on over $10 billion in transportation revenue each year, due to states reluctance to raise fuel taxes, according to a study released Wednesday.

December 14, 2011
GovernmentBusiness

North Carolina Senate Rejects Capping Fuel Taxes

The North Carolina State Senate has killed a proposal to cap the states 35-cent tax on gasoline and diesel, which is about to rise sharply, by voting to end its session.

December 6, 2011
PerspectiveBusiness

Opinion: Third Time Could Be the Charm

Will the old saw, third times the charm, turn out to be true for the truck safety tax-credit bill? Thats what carriers of all sizes are hoping for although the larger fleets may be hoping a tad harder than their smaller colleagues.

November 14, 2011
FuelBusiness

Threat 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 nations transportation system.

August 8, 2011
EditorialBusiness

Beware the Next Threat

Just when it seemed that the worst of the mayhem caused by Washingtons bizarre handling of the debt-limit crisis appears to have passed as Congress broke for its summer recess enter the latest peculiar chapter.

August 8, 2011