Lucy Perry – CEG CORRESPONDENT - Thu November 14, 2024
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....
KNSD-TV - Tue September 03, 2024
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....
Lucy Perry – CEG CORRESPONDENT - Thu February 24, 2022
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 - Wed July 28, 2021
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....
Associated Press - Tue March 16, 2021
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....
ARTBA - Mon November 09, 2020
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 - Fri May 17, 2019
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....
AGC - Mon May 06, 2019
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....
AASHTO Journal - Mon May 06, 2019
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....
AASHTO Journal - Wed April 17, 2019
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....
