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The state of California commissioned a report by CalTrans to look into the viability of a mileage-based tax on all vehicles to eventually replace the tax on fossil fuels.
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A $7,500 federal tax credit that has fueled sales of plug-in electric vehicles in recent years could be eliminated if House Republicans can include the proposal in the tax cut bill now under discussion, reports Reuters.
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A proposal to use a border-adjusted tax to discourage companies from manufacturing products overseas has been dropped because it doesn't have enough support, Republican leaders in Washington, D.C. have announced.
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California's Gov. Jerry Brown has proposed raising gasoline taxes and vehicle fees to raise $5 billion per year to repair the state's crumbling streets, highways, and bridges.
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The Internal Revenue Service has reduced the business mileage reimbursement rate for one half of a cent to 53.5 cents from 54 cents. The new rate went into effect on Jan. 1.
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The Auto Truck Group is urging small businesses to take advantage of the federal Section 179 deduction on equipment that allows a deduction of as much as $500,000 on new and used equipment purchases.
Read More →While expense fraud related to mileage is often unintentional, whether it’s deliberate or not it can cost companies with fleets millions of dollars in overpayments. The good news is there are simple ways to combat it.
Read More →The National Conference on Weights and Measures (NCWM) has voted to approve the diesel gallon equivalent (DGE) standard as a legally authorized method of sale for natural gas that is sold as fuel for vehicles.
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Yale University launched a self-imposed carbon tax program earlier this year that levies charges against a number of its departments regarding the amount of carbon used, which is something the university is considering applying to its fleet.
Read More →Establishing a $2,500 tax credit for the purchase of electric vehicles in North Carolina would boost the state’s GDP by $52 million over the next 16 years, says a new study.
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