tax News Updates

Perspective, Business

Opinion: Eliminate Unnecessary Taxes

January 6, 2014
Business

Bonus Depreciation Tax Credit Expires

Congress went home at the end of 2013 without extending a tax deduction that is credited with helping boost truck sales during choppy economic times.

December 31, 2013
Fuel, Business

Lawmaker Proposes 15¢ Increase in Fuel Tax

WASHINGTON — An Oregon congressman has introduced legislation that would boost federal taxes on diesel and gasoline to fill a widening shortfall in the federal government’s main source of transportation funding.

December 9, 2013
Government, Business

Legislation Would Let States Keep Federal Fuel Taxes

A bill has been introduced in the House and Senate that would dramatically reduce federal diesel and gasoline taxes and let the states keep most revenue from the two levies rather than sending the revenue to the Highway Trust Fund.

November 18, 2013
Government, Business

Wash. State Lawmakers Propose 11.5-Cent Fuel Tax Increase

Washington state Senate leaders have proposed boosting the state’s taxes on diesel and gasoline by 11.5 cents to pay for $12.3 billion in transportation projects, The Associated Press reported.

November 15, 2013
Fuel, Business

Boxer Proposes Fuel-Tax Overhaul For Funding U.S. Highway Projects

The head of the Senate committee that will write the next highway funding bill said last week she wants to end the federal fuel taxes that truckers and others pay at the pump.

September 30, 2013
Government, Business

Boxer Proposes Eliminating, Replacing Fuel Tax

The chairwoman of the Senate committee that will write the next highway bill said she wants to end the per-gallon federal  fuel taxes Americans pay at the pump.

September 26, 2013
Business

Resolution Seeks to Prevent Truck Tax Hikes

A resolution proposed in the House seeks to discourage Congress from raising the 12% federal excise tax on heavy-truck purchases.

September 13, 2013
Business, Fuel

Fuel Taxes in Massachusetts to Rise 3 Cents After State Legislature Overrides Gov.’s Veto

Massachusetts has become the latest state to increase taxes on diesel and gasoline, with lawmakers last week approving a transportation funding plan that adds 3 cents to the state’s 21-cent tax.

July 29, 2013
Government, Business, Fuel

Mass. Lawmakers Approve 3-Cent Diesel-Tax Hike

Massachusetts became the latest state to increase its fuel taxes, with lawmakers approving a transportation-funding plan Wednesday that will add 3 cents to the state’s 21-cent-per-gallon diesel and gasoline taxes.

July 25, 2013