The House Ways and Means Committee late last night advanced legislation that would extend temporary tax provisions through 2020, including the Biodiesel Tax Credit.
The committee voted 25 to 17 to advance a bill to extend the tax breaks that expired in 2017 and 2018 or will expire at the end of this year.
NATSO, the national association representing truckstops and travel plazas, issued the following statement today in response to the House Ways and Means Committee鈥檚 approval of legislation that would extend temporary tax provisions through 2020, including the Biodiesel Tax Credit.
06-21-2019As the House Ways and Means Committee prepares to hold its March 6 hearing examining the nation鈥檚 infrastructure, Rep. Earl Blumenauer (D-Ore.) said that House leadership has reserved floor time for an infrastructure bill with a target of late spring.
03-05-2019Despite more headline-grabbing news regarding President Trump’s personal attorney and U.S. relations with North Korea, there has been subtle yet steady progress surrounding infrastructure legislation in recent days.
02-28-2019Congressman Peter DeFazio (D-Ore.), who is set to become Chairman of the House Transportation and Infrastructure Committee in the 116th Congress, said Nov. 6 that a major infrastructure package funded by real dollars would be his first order of business in January. Current surface transportation law is set to expire in 2020 and infrastructure is largely viewed as one issue where bipartisan agreement will be possible next year. Of importance to truckstops and travel plazas, Rep. DeFazio spoke about the shortcomings of the $1.5 trillion infrastructure plan put forth by the Administration in early 2018, saying it was full of 鈥減retend stuff鈥 such as privatization and asset recycling, which could very easily lead to tolling and rest area commercialization.
11-07-2018Rep. Earl Blumenauer (D-Ore.) is pushing to create an infrastructure subcommittee within the House Ways and Means Committee if Democrats take back the House in an effort to create a new forum for discussing ways to bolster infrastructure investment, Politico reports.
10-18-2018The House Ways and Means Committee on Nov. 2 released the Tax Cuts and Jobs Act to overhaul major aspects of the U.S. Tax system. The bill will be the subject of Committee consideration next week, kicking off formal tax committee action on the first such overhaul of the U.S. tax system in more than 30 years. Senate Finance Committee Chairman Orrin Hatch (R-UT) announced that he plans to release a Senate Republican version of a tax reform bill after the Ways and Means Committee completes its work, as soon as November 9. The Senate Finance Committee could consider its own plan at the same time the full House votes on its plan in an effort to make as much progress as possible on the legislation prior to Thanksgiving.
11-03-2017A key Republican working on a plan to rewrite the international tax code, said he would oppose any efforts to use his plan to help financing a highway funding package, Politico reported.
06-04-2015House Ways and Means Committee Chairman Paul Ryan (R-Wisc.) said March 26 that he is working with House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) on a short-term patch to the Highway Trust Fund to allow more time to work on tax reform, Politico reported.
03-26-2015House Ways and Means Committee Chairman Rep. Paul Ryan (R.-Wisc.) said repatriation of corporate earnings held overseas would help to fix the Highway Trust Fund provided it was part of overall corporate tax reform, Politico reported.
02-23-2015