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Truck Tax form 2290 Legislation Has Been Passed (DOC download)

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Truck Tax form 2290 Legislation Has Been Passed (DOC download) Powered By Docstoc
					The U.S. Senate approved a piece of legislation that will extend the
funding of the Federal Aviation Administration (FAA) as well as for
federal highway programs. The funding for these programs would have
ceased, had this extension not been passed.        This Transportation
bill has been extended several times already, and it is fairly widely
agreed upon that a more permanent piece of legislation is needed to
regulate this industry. However, this extension will keep up to a million
highway workers at work. A simple extension is better than letting the
bill expiring, which would furlough thousands of workers as soon as the
legislation expired.


  This basically serves as a stop-gap measure that will also provide the
government with the ability to collect taxes on airline ticket sales
through the FAA. Earlier this week, the FAA incurred a partial shutdown
for two weeks, which cost the government $400 Million in taxes associated
with airline ticket sales.       The Senate was able to pass the pill with
a large margin of 92-6. This was largely due to some last minute
negotiations by Sen. Barbara Boxer. Sen. Boxer is the chairman of the
Senate Public Works Committee, which oversees the highway programs. Boxer
negotiated an agreement between Republican senators Rand Paul and Tom
Coburn due to their concerns of wasteful spending. This aided to avoiding
a last-minute obstacle to the passage, because the FAA funding is set to
expire this Friday (September 16).       John Crawley, a reporter for
Reuters, had the following to say regarding the current state of Capital
Hill:    -œIt remains unclear ahead of an election year whether the House
of Representatives, which approved the extensions earlier this week, and
the Senate can come together on the bigger bills before the next renewals
are due.       The charged political climate in Washington is largely
fuelled by partisan divisions over spending, taxes and budget deficits.
The transportation bills would require several hundred billion dollars in
funding over several years.-•       Although it may be difficult to
foresee how our elected officials will work together in the future, it is
nice to see a healthy negotiation to pass a bill that the American people
need.         This is a positive step for the Trucking and Transportation
Industry. Although it is not yet possible to file Heavy Vehicle Use Taxes
with Form 2290, the folks at Express Truck Tax will be available to
answer any questions and help drivers file those taxes. For more
information, visit the Express Truck Tax website or call our Truck Tax
experts at 704-234-6005. You can also chat online, or email any questions
to support@ExpressTruckTax.com.


Related Articles -
Form 2290, 2290 form, 2290 tax, 2290 tax help, tax 2290 help, Express
Truck Tax, HVUT, Heavy Vehicle Use Tax, Federal Heavy Vehicle Use Tax,
IRS 2290,
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posted:11/17/2011
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