tax

Minnesota panel green-lights 5-cent gas tax hike for road, bridge repairs

The House Transportation Finance and Policy Committee on a 10-7 vote moved to the House Tax Committee a broader transportation spending proposal that would raise more than $350 million aimed at repairing roads and bridges in Minnesota. The plan would also adjust license tab fees, hike other vehicle sales taxes and post a luxury surcharge on high-dollar vehicles. An additional 0.5% transit fee increase would also go into effect in the Twin Cities under the plan.

Democrats and infrastructure advocates said the increases were needed to offset the cost of projects around the state. And labor unions, as well as

Read More

Biden tax plan replaces U.S. fossil fuel subsidies with clean energy incentives

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday released details of a tax hike proposal that would replace subsidies for fossil fuel companies with incentives for production of clean energy in President Joe Biden’s infrastructure plan.

FILE PHOTO: U.S. President Joe Biden delivers remarks on the state of the coronavirus disease (COVID-19) vaccinations from the State Dining Room at the White House in Washington, D.C., U.S., April 6, 2021. REUTERS/Kevin Lamarque

Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%.

A Treasury

Read More

Make the Rescue Plan tax credits permanent and expand them to Colorado income taxes too

Many of us are familiar with the American Dream, but lately, more of us are living a much different American Reality. It’s one that looks less and less like the opportunity we were promised, and more and more like another unpaid bill stacked on top of living costs that eat up entire paychecks. This wasn’t what we were promised, and it’s certainly not what we deserve.

That’s why the inclusion of an expanded child tax credit in the American Rescue Plan Act is a game-changer for Colorado families. Advanced for years by Colorado Sen. Michael Bennet, the provision will dramatically

Read More

VMT tax: Two states tax some drivers by the mile. More want to give it a try.

Bruce Starr spotted the problem right away: The hydrogen-powered cars General Motors was showing off on the Oregon Capitol grounds wouldn’t need gas. And if they didn’t need gas, drivers wouldn’t be paying gas taxes that fund the state’s roads.

It was 2001, and the problem seemed urgent. GM predicted the cars would be on the market in a few years. Starr, then a Republican state representative, created a task force to figure out the future of transportation funding.

“There’s no asphalt fairy out there that sprinkles asphalt in the night on our roadways,” he said recently.

Widespread production of

Read More

Florida Supreme Court rejects transportation tax increase

The Florida Supreme Court struck down the voter-approved one-cent sales tax passed in 2018 by Hillsborough County residents.

The state of play: The 4-1 ruling declared that the tax’s “spending directives are unconstitutional in that they conflict with a state law that gives the county commission the authority to allocate such funds.” The decision is a blow to transportation progress.

  • The revenue was to be split between the county’s transit authority and the cities of Tampa, Temple Terrace and Plant City to fix roads and improve mass transit, bus service and transportation safety.
  • The Metropolitan Planning Organization was to use
Read More

Florida Supreme Court strikes down Hillsborough transportation tax

All For Transportation is dead.

In a 4-1 ruling from the Florida Supreme Court, the Hillsborough County transportation sales tax was overturned Thursday.

Hillsborough County voters approved a 1% sales tax in 2018 with nearly 60% of the vote.

But in a majority opinion handed down by Chief Justice Charles Canady, the Supreme Court ruled the tax was unconstitutional because it conflicted “with a state law that gives the County Commission the authority to allocate such funds.”

Justices Alan Lawson, Carlos Muñiz and Ricky Polston voted with Canady to overturn the tax. Justice Jorge Labarga was the lone

Read More