On September 15, 2014, Congressman Roger Williams (R-TX25) and Congressman Earl Blumenauer (D-OR03) introduced the American Concrete Pump Tax Fairness Act of 2014 (HR 5474). This bill rights the wrong of the 2004 JOBS Act that indirectly prevented concrete pumps from maintaining their previous fuel tax exemption by applying a 7500 miles per year prerequisite.
Since 2004, concrete pump owners have been required to pay federal excise taxes on 100 percent of the fuel they consume, even though on average, more than 55 percent of it is used in offhighway, jobsite operations.
At the ACPA board meeting earlier this fall, several members asked me to explain the situation with the Highway Trust Fund (HTF)—specifically why it always seems like it’s on the verge of bankruptcy these days.
When Mitt Romney announced his running mate, most Americans had never heard of him. However, for many in the concrete pumping industry watching that hot Saturday morning in August, the GOP vice-presidential nominee was already a friendly and familiar face. The Congressman from Wisconsin has been a longtime supporter of the concrete pumping industry and a key ally in our fight against unfair federal excise taxes on concrete pumps.
The Internal Revenue Service has withdrawn both the final and proposed regulations it had issued to implement the now-repealed requirement for all levels of government to withhold 3 percent of the gross contract price from all their contractors to cover those contractors' potential federal tax obligations. This requirement, which would have taken effect in 2013, was repealed by Congress late last year, noted the April 27 issue of the State Laws Newsletter.