tax
California Considering Vehicle-Miles-Traveled Tax
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California motorists that spend a lot of time on the road could be in for a shock. The state’s legislature is considering a bill that would explore a tax based on vehicle miles traveled or VMT for short.
Gas Tax Increase Proposed in House Bill
A big hike in gas prices is looming in the near future if a new bill proposed in Congress takes effect.
US Hopes to End Truck Tariff to Promote Competition
The U.S. is looking into ending the 50-year long Chicken Tax, which is a 25-percent tariff on all imported trucks.
States Seek to Tax Hybrid Owners to Recover Lost Gas Taxes
While the U.S. government is working hard to increase fuel efficiency from automakers, certain states are now looking to tax those hybrids and electric vehicles to help recover lost gas taxes.
Chinese Company Wins Auction for A123 Systems
A year riddled with controversy for electric cars is winding down, but not without at least one more flare up — Chinese firm Wanxiang Group won the bidding war for A123 Systems.
Tesla Roadster Won on Las Vegas Penny Slots
Against the odds, a letter carrier in Las Vegas won a Tesla Roadster playing penny slots. Needless to say, the odds of winning a six-figure prize by playing those games are stacked against you.
IRS Tax Credits For Electric Vehicles Backfired, Fraudulent Claims Abound
An estimated 14,000 taxpayers claimed $37 million in tax credits meant for buyers of plug-in or electric vehicles, while attempting to pass of vehicles like the Cadillac Escalade, Chevrolet Camaro and “golf cart” as worthy of the credit. Among the most ignominous offenders were 88 prisoners and IRS employees who attempted to claim the credits….
