Heavy-Duty Truck Excise Tax Repeal: 7 Powerful Benefits and Risks for Tank Fleets
Heavy-duty truck excise tax repeal could lower upfront equipment costs for tank fleets, but it would also reopen major Highway Trust Fund and road-funding questions.
Tagged: Taxes
Urgent Call to Repeal Federal Excise Tax: 3 Groups Push for Cleaner, Energy-Efficient Trucks
Trucking and transportation groups are pushing to repeal federal excise tax on heavy-duty trucks, arguing that it hinders cleaner, more energy-efficient vehicles from hitting the road.
ย Tax Breaks For Giga Texas
Tesla opened its Austin, Texas-based Gigafactory in April, a crucial step in the companyโs delayed plans to begin production of its electric Cybertruck. To celebrate the opening, Tesla held an event, billed as a โCyber Rodeoโ
Dairy Group Wins Tax Credits
Wisconsin Gov. Tony Evers announced in November the state will be supporting the expansion of Agropur Dairy Cooperative in Little Chute with up to $4.5 million in business tax credits from the Wisconsin Economic Developmentโฆ
Bill Targets Truck Excise Tax
Bipartisan legislation to repeal the 12-percent federal excise tax (FET) on the sale of heavy-duty trucks and trailers is getting โstrong supportโ from American Trucking Associations (ATA) and Modernize the Truck Fleet (MTF), a coalitionโฆ
Truckers Oppose Bridge Tolls
Truckers are pushing back at a Pennsylvania Department of Transportation’s proposal to add tolls to nine vehicle bridges across the state, including on Interstate 79, to close a funding gap to widen the roadway andโฆ
3 Leading Issues For Trucking This Year
As the Biden administration and the new Democrat-controlled Congress have rolled up their sleeves and gotten to work, there are a number of issues related to trucking that are likely to see action on thisโฆ
5 Trucking Merger & Acquisition Takeaways
The trucking merger and acquisition arena was anything but ordinary in 2020. Within the liquid/dry bulk vertical we saw several transfers of ownership. A few notable transactions included: Kenan Advantageโs purchases of Fort Transfer, Paulโs…
Federal Relief Available For Trucking
With many small businesses across the country uncertain of how the COVID-19 outbreak will temporarily, or permanently, affect their bottom lines, the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act may offerโฆ
Bill calls for repeal of truck tax
Repeal of Truck Tax .S. Sen. Cory Gardner (R-CO) has introduced a bill that would repeal the excise tax on heavy trucks and trailers. The bill, S. 3052, was introduced on June 12 and...
