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.
Rep. Bill Shuster, chairman of the House Transportation and Infrastructure Committee, said that one of his 2015 priorities will be a highway bill – but he does not expect it to be funded by a fuel tax increase, the AP reported.
At the start of 2015, the state will begin taxing compressed natural gas (CNG) and liquified natural gas (LNG) based on a per-pound rather than per-foot rate.
Sales of compressed natural gas (CNG) and liquified natural gas (LNG) are surging in Texas, as measured by sharp increases in tax revenue from the alternative fuels, according to the state Comptroller's office.
The Association of Car Fleet Operators (ACFO) has called for clarification of long-term company car tax rates in the UK's 2014 Budget.
Virginia's state legislators voted Thursday to repeal a $64 annual license tax on hybrid vehicles that was imposed a year ago.
The Brazilian government stated it will gradually roll back tax breaks on cars 2014, amid worries from producers that higher duties could hit sales in the South American country.
Within the 2012 Taxpayer Relief Act, the maximum amount of Section 179 deductions has been changed and bonus depreciation extended.
The electric-car charger tax break for individuals and for businesses was not renewed by Congress, while the Department of Energy gives grants to companies to develop low-cost chargers, according USA Today.
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