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Tag: taxes
Construction Equipment
100% Depreciation and Section 179 Benefits Continue in 2021 for New and Used Construction Equipment
Through December 31, contractors can purchase construction equipment this year and write off 100 percent of the cost of that purchase on their 2021 taxes as depreciation or a Section 179 tax deduction.
December 11, 2019
Roadbuilding
Effort to repeal Calif. gas tax increase gains momentum
The tax increase is designed to bring in billions for transportation projects but so far, the repeal effort has a majority of Californiansā support. More here.
July 3, 2018
Roadbuilding
Batch of taxes for transportation coming to Ore. in 2018
Oregon residents and those who work in the state will face new transportation-related taxes and fees in the new year. The charges on gas, bikes, vehicle sales, electric vehicles and payroll are expected to raise $5.3 billion for improving roads and bridges and other transportation projects, according to KGW.com. The taxes and fees are as [ā¦]
December 21, 2017
Home
Mass. town officials assure public unfinished look of road just part of cold-in-place recycling
AĀ recentĀ paving project on Route 43 in Williamstown, Mass., might have residents wondering if itās really finished, according to a report by iBerkshires.com. TheĀ cold-in-place recycling technique the city is using leaves the road looking unfinished for a little while. Town Manager Jason HochĀ told the news agency that,Ā āAt the end of the project, it will look and [ā¦]
August 18, 2016
Roadbuilding
Residentsā share in road funding could increase with Utah cityās proposed flat fee for repairs
Officials in Pleasant Grove, Utah, say more than half of the roads in the cityĀ are in need of repair, so they areĀ asking for financial help from residents and businesses. City officials say $3.8 million a year is needed for the next 20 years to make those repairs, but the current annual budget is only $1.5 [ā¦]
June 27, 2016
Roadbuilding
House Majority Leader on gas tax increase: āLetās think of something elseā
House Majority Leader Kevin McCarthy (R-California) thinks lawmakers in the capitol should come up with alternative funding for transportation because a gas tax increase isnāt politically feasible. InĀ an interview with the Wall Street JournalĀ McCarthy calls highway funding a āmajor problemā in America, butĀ the politics of passing a funding bill makes for a challenging feat. āWe [ā¦]
June 23, 2015
Roadbuilding
Senate Finance Committee hears opposing views on gas tax, emphasis on long-term transportation funding
Members of the Senate Finance Committee were presented with testimony stressing the need for long-term funding for transportation projects, but much like what was heard earlier in the week by the House Ways and Means Committee, the source of funding remains a divisive issue. In his opening remarks, Committee Chairman Orrin Hatch (R-Utah) called passage [ā¦]
June 22, 2015
Roadbuilding
Lee again files bill to get rid of the federal gas tax
As the future of federal transportation funding remains up in the air, two Republican lawmakers have filed a bill that would take the federal governmentĀ out of the road business permanently. Sen. Mike Lee (R-Utah) and Rep. Ron DeSantis (R-Florida) filed aĀ bill that would gradually get rid of the federal gas tax used to supportĀ the Highway [ā¦]
June 12, 2015
Roadbuilding
Poll shows most voters would support gas tax hike for roadwork
Well more thanĀ two-thirds of voters would be willing to more at the pump if it meant the money was going to pay for road construction, according to a poll from the Mineta Transportation Institute. About 71 percent of the voters polled said they would support at 10-cent gas hike if the money were spent on [ā¦]
May 1, 2015
Business
Feds to crack down on widespread construction tax evasion scheme in Florida
The federal government has announced a partnership with Florida state officials to begin cracking down on the widespread use of a tax evasion schemeĀ by construction companies throughout the state. According to a report from theĀ Miami Herald, which uncovered much of the corrupt dealings during a year-long investigation published in September, the U.S. Department of Labor [ā¦]
January 14, 2015
Business
Alabama has no plans to raise gas tax; state will rely on next yearās bond issue for road projects
Gov. Robert Bentley says he has no plans to ask the Alabama legislature to raise the stateās 16-cent-per-gallon gas tax, responding to emailed questions submitted by The Tuscaloosa News. Instead, Alabama instead will look to a $508.5 million highway bond issue to finance highway projects, bonds that last week received a AAA rating from Standard [ā¦]
December 15, 2014
Roadbuilding
Reason-Rupe poll: More Americans would designate taxes to infrastructure than national defense or health care
If given the choice, more Americans would be willing to designate taxes to infrastructure than to national defense or health care, according to the results of an April 2014 Reason-Rupe poll. Related: Two-thirds of Americans would refuse gas tax as transportation, infrastructure funding Released Thursday, the survey results feature telephone responses from 1,003 adults throughout [ā¦]
April 4, 2014
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