IRS Issues Guidance on Fuel tax Credits
The federal Internal Revenue Service has issued guidance on how taxpayers that retroactively claimed the 50-cent-a-gallon fuel tax credit for using alternative fuels (including propane used in forklifts) in 2014 should adjust their income tax returns to take account of the increased credits. Late last year, Congress retroactively extended through 2014 a number of tax […]
Regulatory Update – Aug. 21, 2015
Provided by Commercial Vehicle Safety Alliance Update on Relevant U.S. Regulations: FMCSA Issues Correction to LCV Portion of CFR On August 14, 2015, the Federal Motor Carrier Safety Administration (FMCSA) issued a notice correcting an error in the Code of Federal Regulations (CFR). The change corrects language pertaining to the qualification of drivers and longer […]
Motorists set new record by driving 1.5 trillion miles in first half of 2015
The Trucker News Service WASHINGTON — New estimates released Thursday by the U.S. Department of Transportation’s Federal Highway Administration (FHWA) show that U.S. driving topped 1.54 trillion miles in the first half of 2015, beating the previous record — 1.5 trillion, set in June 2007. This is more than double the amount driven during the […]