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.
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.
FedEx will invest two-thirds of $200 million in increased compensation for hourly team members, due to the recently enacted tax reform signed by President Donald Trump.
The U.S. Internal Revenue Code, Section 179 (commonly referred to as IRC-179) allows businesses to expense up to $500,000 in the tax year 2017 for certain capital expenditures, including commercial work trucks.
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) permanently sets the Section 179 cap at $500,000. Section 179 allows businesses to deduct the cost of certain new and used property, including certain motor vehicles.
The U.S. House of Representatives recently passed a highway and transportation bill that included a provision that would change how certain alternative fuels are taxed in relation to conventional fuels.
While Capitol Hill may yet again slap an eleventh-hour cold patch on the highway-funding gap, state governments are moving ever more quickly and innovatively to put their infrastructure spending in order.
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