Top

Tag: tax


Vehicles

Manchin Bill Would Delay Tax Credits for Electric Vehicles

January 25, 2023

Via: Transport Topics

Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law. Manchin said guidelines issued by the […]


Impact & Regulations

Mass. Bill to Repeal Rolling Stock Tax Would Aid Trucking Firms

May 13, 2022

Via: Transport Topics

A bill introduced in the Massachusetts Legislature aims to eliminate a tax on vehicles owned by motor carriers in the state. The measure, introduced by Rep. Bradley Jones Jr. (R), would provide an exemption from a “rolling stock” tax for […]


Shipping

Exceptional tax depreciation extended for green shipping investments

February 10, 2022

Via: Hellenic Shipping News

1.1 New energies eligible for the main propulsion French companies can, subject to satisfying certain conditions, deduct from their taxable basis an amount equal to: 125% of the additional costs accounted for as assets on their balance sheet (excluding financial […]


Infrastructure

House Weighs Highway Fund Patch Amid Stalemate

October 1, 2021

Via: Transport Topics

House Transportation and Infrastructure Committee Chairman Peter DeFazio told fellow Democrats that the House may pass a 30-day reauthorization for highway funding, a signal that the Democrats aren’t likely to immediately move ahead with a vote on infrastructure legislation. Authorization […]


Impact & Regulations

Biden sends federal motor fuels tax packing, Washington insider says

June 29, 2021

Via: FreightWaves

President Joe Biden has thrust a dagger into the heart of the federal motor fuels tax and, with it, the trust fund that’s long been dedicated to paying for highway projects. So says Randy Mullett, a multidecade veteran of the […]


Impact & Regulations

Connecticut to enact highway fee for trucks

June 10, 2021

Via: FreightWaves

Connecticut Gov. Ned Lamont is expected to sign a bill passed this week by state lawmakers that, beginning January 2023, will impose a tax of up to 17.5 cents per mile on heavy trucks that use Connecticut’s roadways. The tax,, […]


Impact & Regulations, Shipping, Vehicles

Industry Rejects Tax Proposal Targeting Trucks

May 19, 2021

Via: Transport Topics

A Senate proposal to impose a vehicle-miles-traveled fee exclusively on commercial vehicles drew a strong rebuke from the leaders in the trucking industry. During a May 18 Finance Committee hearing to explore funding solutions for the country’s infrastructure system, Sen. […]


Travel & Public Transit

Airlines reinstate collection of federal excise tax for air cargo

January 8, 2021

Via: FreightWaves

Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to help the industry survive the economic fallout from the coronavirus pandemic. The $2.2 trillion economic […]


Impact & Regulations

France will apply an ‘ecotax’ to nearly all air travel

July 10, 2019

Via: The Verge

France plans to put an “ecotax” on nearly all air travel starting in 2020, the government announced on Tuesday. The new tax could bring in approximately $200 million that could be used to support less polluting modes of transportation, like […]


Impact & Regulations

Lawmakers Introduce Bill to Repeal Federal Excise Tax on New Trucks

May 7, 2019

Via: Transport Topics

Two members of the U.S. House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers. Reps. Doug LaMalfa (R-Calif.) and Collin Peterson (D-Minn.) led a bipartisan effort April 29 […]