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Railroads have gotten a break in Alabama when it comes to competing with trucking, thanks to a court ruling regarding diesel fuel tax purchases.
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New bipartisan legislation in the U.S. Congress would change the way liquified natural gas is taxed as a transportation fuel, making it more equal to the diesel fuel tax by using diesel-gallon equivalents as a measure.
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April 15 has come and gone, so you can breathe easy for another year -- that is, unless the IRS decides to audit you and become a major pain in your life. Here's how to handle it if they do.
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There is a general recognition on Capitol Hill that Congress is going to have to come up with dedicated money, as opposed to financing or general funds, for the next highway program in October 2014.
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As lawmakers in Vermont look to raise money for road and other transportation projects, trucking could get dragged into the mix with talk of a possible diesel tax hike. One proposal in the state legislature calls for increasing the diesel tax by 2 cents per gallon this year followed by a 2-cent hike in 2014.
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Legislation passed late last week by Maryland lawmakers that would increase fuel taxes is expected to be signed by Gov. Martin O’Malley. Similar plans have been progressing in other states.
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Approximately 7.6 billion hours are spent by businesses and individuals each year on tax compliance -- a workload that could keep 3.8 million full-time workers busy by the IRS’ own estimates. Throw your long hours as a trucker into the mix, and the potential to miss the filing deadline is very real. However, you can file an extension and avoid penalties.
Read More →The state known for typically having some of the highest fuel prices and fuel taxes in the nation will see them move higher later this year.
Read More →Maryland Gov. Martin O’Malley has borrowed a page from Virginia Gov. Bob McDonnell’s playbook, with proposed changes to the state’s tax on gasoline to raise highway funds. According to published reports there is no indication that it would affect the diesel fuel tax.
Read More →Wyoming has raised the rate of its taxes on gasoline and diesel fuel from 14 to 24 cents a gallon, effective July 1.
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