Fuel economy has been and will be the guiding force for change for the manufacturers as well as for our politicians for the near future.
The business mileage reimbursement rate for 2019 increased 3.5 cents to 58 cents on Jan. 1 after two years of minimal change, the Internal Revenue Service announced late last year.
The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate will go into effect on Jan. 1.
Congressional negotiators will spare a $7,500 federal tax credit that has supported sales of plug-in electric vehicles, which was put in place in 2008 and 2009 for plug-in and converted plug-in electric vehicles.
Ward County, N.D., owes the Internal Revenue Service (IRS) $80,000 in back payroll taxes for allowing employees to take home vehicles, an audit conclusion the county plans to challenge.
California's Gov. Jerry Brown has proposed raising gasoline taxes and vehicle fees to raise $5 billion per year to repair the state's crumbling streets, highways, and bridges.
Choosing a leasing instrument during the procurement process is a vital aspect of fleet management that requires consideration of costs, utilization, and remarketing scenarios.
The industry consensus is that fleet license & title services will become more expensive in future years as vehicle registrations are blocked for unpaid tolls & violations. Transaction fees will increase to offset DMV budget shortages.
Ambitious Government plans to make the UK the world leader in electric car adoption could be hampered by its decision to increase company car benefit-in-kind tax on those vehicles by 500 percent in 2015/16 with a further rise due in 2016/17, according to a UK fleet association.
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