A comprehensive tax measure advanced in the U.S. House of Representatives on Jan. 31 as congressional leaders continue to negotiate fiscal 2024 transportation funding legislation.

The Oregon Trucking Association, along with three trucking firms, has sued the state and its top politicians, alleging that truckers have been charged more than their share of road taxes.

For truckers who first used their vehicles in July on a public highway, the IRS is reminding them of an Aug. 31 deadline to electronically file their heavy highway vehicle use tax return.

With a new highway use tax set to taking effect with the new year, the trucking industry in Connecticut still has many questions about how to comply and who must pay the tax and is also floating the possibility of legal action.

Clarus Solutions' Blake Baumann: "One solution to help ease some pressure in the trucking industry may lie in pursuing government tax incentive programs, such as the Work Opportunity Tax Credit."

Rapidly climbing inflation in the U.S. is accelerating calls from governors and state leaders to provide immediate tax relief to cash-strapped residents facing higher prices on everyday products such as gas, milk and electricity.

Commerce Secretary Gina Raimondo made a fresh pitch for President Joe Biden’s plan to raise corporate taxes, saying lower rates have failed to have much impact and that the chief executive officers she speaks to privately are “much more reasonable” on taxes than the trade groups who are aggressively lobbying against increases.

Refunds have averaged $3,602, and amount to the biggest incoming cash flow day of the year for 29% of recipients, according to the institute’s study of bank and credit card customer data from 2015-17, before the 2017 Republican tax law took effect.

U.S. multinationals face a “tricky situation” in trying to plot a tax strategy around the new base erosion and anti-abuse tax (BEAT) in the 2017 U.S. tax law, a UPS official said.