tax News Updates

Government, Fuel, Business

Rep. Petri Supports Bill That Would Raise Fuel Taxes

Tom Petri (R-Wis.), the outgoing chairman of the subcommittee on highways, said he will become a co-sponsor of a bill that would increase federal fuel taxes to support the nation’s transportation system.

December 2, 2014
Business

Industry Hopes Expired Tax Credits Are Renewed in Lame-Duck Session

Expired tax credits worth hundreds of millions of dollars to the trucking industry and fuel producers hang in the balance as Congress meets for a lame-duck session that could be contentious or productive.

November 17, 2014
Business

More States Expressing Interest in Mileage Tax

While Congress continues to punt on the nation’s long-term road-funding crisis, interest in vehicle-mileage taxes to augment or replace fuel taxes is growing among states.    

October 20, 2014
Fuel, Business

Voltmann: $100 Billion a Year Needed for Infrastructure

NASHVILLE, Tenn. — Congress needs to raise fuel taxes in upcoming legislation, then deal with the longer-term problem of finding a new way to fund highway infrastructure, the president of the Transportation Intermediaries Association said Sept. 23.

September 23, 2014
Government, Business

Missouri Voters Reject Transportation Tax

Missouri voters have rejected a proposed constitutional amendment that would have raised the state’s sales tax from 4.225 cents to 5 cents for 10 years to pay for road improvements.

August 6, 2014
Government, Business, Fuel

Connecticut Diesel Tax Will Drop Slightly on July 1

Truckers buying fuel in Connecticut will get a bit of a break starting July 1 when the state tax on diesel drops 0.4 cents per gallon.

May 27, 2014
Business

Missouri Governor Sets Aug. 5 for Voters to Decide on Transportation Tax

Missouri Gov. Jay Nixon (D) announced he is putting the proposed constitutional amendment to raise the sales tax to pay for transportation on the Aug. 5 primary election ballot.

May 27, 2014
Fuel, Business

ATA Willing to Back New Options to Solve Highway Funding Crisis

American Trucking Associations said it would support such measures as a tax on crude oil, a national highway fee on cars and trucks and repatriation of corporate profits held overseas to pay for highways, given the transportation funding crisis and Congress’ refusal to raise fuel taxes.    

May 26, 2014
Government, Business

Michigan Transport Plan to Swap Per-Gallon Fuel Levy With Wholesale Tax

Michigan lawmakers last week continued to wrestle with a transportation funding plan that would replace the state’s per-gallon tax on gasoline and diesel with a wholesale sales tax on fuel.

May 23, 2014
Business

Gas-Tax Buying Power at All-time Low in Some States, Study Says

The gasoline tax is so low and has not been raised for so long in 10 states, that the levy’s purchasing power has fallen to historic lows, a new study said.

May 19, 2014