If the measure is approved by the Connecticut governor as expected, beginning in January 2022 the state will collect fees from trucks weighing 26,000 pounds or more.
Tax Manager uses the latest in artificial intelligence from the Omnitracs One platform to provide an “easier and more user-friendly” tax management experience for the trucking industry, the company said.
Groups like ATA, NPTC, MEMA and others signed a letter sent to Congress that argues for repeal of the Federal Excise Tax on the sale of new heavy-duty trucks and trailers.
A coalition of commercial truck dealers, trade association executives and other trucking industry stakeholders rallied on Capitol Hill on June 19, to urge congressional support for legislation repealing the federal excise tax.
Analysis of over 3,000 owner-operator tax returns has shown an overall positive impact on owner-operators, according to American Truck Business Services, a tax, consulting and bookkeeping firm for the transportation industry.
Representatives Doug LaMalfa (R-CA) and Collin Peterson (D-MN) have introduced a bill, H.R. 2381, that aims to repeal the federal excise tax and was applauded by several truck dealer associations that have been actively pushing for its removal.
President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.
American Truck Dealers chairwoman Jodie Teuton announced the launch of a new coalition of trucking industry stakeholders that aims to repeal the federal excise tax on commercial truck sales.
With tax reform enacted, so far GDP has only grown at 2.3% annual rate in the first quarter of 2018, slightly down from the end of 2017. We were hoping for a boost in growth, but so far that hasn't happened. Analysis by Business Contributing Editor Evan Lockridge.
Werner CEO Derek Leathers and Operation Freedom driver Quentin Ward were among the "everyday Americans" speaking Thursday at a press conference in the Rose Garden on the benefits of the tax reform bill signed into law by President Trump last December.
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