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Taxes


Depreciation Bonus Begins Phase-Out

Contractors who correctly apply the concept of bonus depreciation have the advantage of maximizing their tax benefits while the rate is still relatively high. In 2023, the fed began a gradual phase-out of this tax provision, which allows businesses to deduct a significant portion of the cost of eligible assets in the year these assets are placed into service....


San Diego Sales Tax Hike to Benefit Infrastructure Upgrades

The San Diego City Council unanimously approved a ballot measure in late July which, if approved at the polls on Nov. 5, would increase the city's sales tax by 1 percent per dollar to help pay for broad infrastructure and municipal services....


As Gas Taxes Dwindle From Electric Vehicle Use, Congress Looks for Solutions, Strategies

For all its faults, the Highway Trust Fund, funded through gas tax revenue, is the main financial support for America's roads and bridges. It hasn't increased with inflation — in fact, it hasn't increased in almost 30 years — even as road and bridge conditions deteriorate....


NTEA Calls on Congress to Repeal Federal Excise Tax

NTEA — The Association for the Work Truck Industry commends U.S. Senators Todd Young (R-IN) and Ben Cardin (D-MD) for introducing S. 2435, the Modern, Clean, and Safe Trucks Act of 2021. This bipartisan bill would repeal the 12 percent federal excise tax (FET) on heavy trucks and trailers....


Gov. Tom Wolf Proposes Phasing Out Pennsylvania's Gasoline Tax

Amid a deepening stalemate over financing highways and public transit, Pennsylvania Gov. Tom Wolf on March 12 proposed phasing out his state's gasoline tax, the second highest in the nation, and appointed a commission to recommend alternative ways to pay for the state's needs....


Voters Approve Record 94 Percent of Transportation Investment Initiatives Totaling $14 Billion

Voters in 18 states have approved a record 94 percent of state and local ballot initiatives to date, providing an additional $14 billion in one-time and recurring revenue for transportation improvements throughout the country, according to an analysis by the American Road & Transportation Builders Association (ARTBA)....


AEM Calls on White House to Permanently Remove Section 232, Section 301 Tariffs

Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement after the Trump Administration announced it was delaying the implementation of Section 232 tariffs on automobiles and auto-parts for six months:"Today President Trump announced that his administration is delaying implementation of Section 232 tariffs on automobiles and auto-parts for six months....


Pennsylvania Congressman Kelly Calls for Repeal of Cadillac Tax

Pennsylvania Congressman Mike Kelly (PA-6) called on Congress to take steps to authorize composite plans, repeal the Cadillac tax, and pass a long-term infrastructure bill during a visit to a local construction project on May 3....


Bill Proposes to Eliminate Equipment Tax That Feeds Highway Trust Fund

Rep. Doug LaMalfa, R-Calif., and Rep. Collin Peterson, D-Minn., introduced H.R. 2381, the Modern, Clean, and Safe Trucks Act of 2019, on April 30 that would repeal the current 12 percent federal excise tax or FET on heavy commercial trucks and trailers....


Michigan Governor Proposes Further Gasoline Tax Increases

Michigan Gov. Gretchen Whitmer called for a 45-cent increase in the state's fuel tax to occur in three phases over a 12-month period, an effort she said in a statement March 5 that should generate $2.5 billion in fresh transportation funding....


Today's Top Stories

  1. MassDOT Plans to Replace Cape Cod's Sagamore Bridge With Two, Three-Lane Spans  →
  2. Depreciation Bonus Begins Phase-Out  →
  3. Construction Edge Opens New Location, Expands Services  →
  4. Officials in Maryland Propose to Remove, Rebuild Both Spans of Chesapeake Bay Bridge  →
  5. Amtrak Secures $112M in Federal Funds to Upgrade 13 Projects in Northeast Corridor  →
  6. MoDOT Selects Contractor for $600M Improve I-70 Project  →
  7. Coastal Conservation Group in La. Teams With Chevron, Others to Build New 'Super Reef'  →
  8. Murphy Tractor's Park City Facility Is Now Official John Deere Rebuild Center  →
  9. Far South Side Sees Sneak Peek of CTA Red Line Extension  →
  10. Hitachi Construction Machinery Wins Silver in 2024 Anthem Award  →
  11. Turner Construction Leads $675M Concourse Project  →
  12. Illinois DOT Celebrates Completion of I-55 Interchange Near Joliet, Shorewood  →
  13. RDO Equipment Co. Announces ISO 45001:2018 Certifications for 44 Locations  →
  14. Louisville Pump Station Receives $230M Update  →
  15. South Texas Auctioneers Hosts Two-Day Absolute Fall Auction  →
  16. West Virginia University Gets $12.6M From Feds to Renovate, Enhance Dentistry School  →
  17. VIDEO: $4.7B Gordie Howe International Bridge Project Nears Completion  →
  18. ABC 2025 National Chair, Executive Committee Announced  →
  19. Pennsylvania Manufacturer Gives Major League Baseball All the Dirt  →
  20. National Attachments Celebrates Its 35th Anniversary  →
  21. VIDEO: Propson Embraces Trend Toward Rotating Telehandlers  →





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