Tax extenders benefitting motorcoach companies passes senate

Posted on December 17, 2014

On Wednesday evening, the Senate passed legislation (HR 5771), otherwise known as Tax Extenders. The House passed a similar bill on December 3rd, clearing the way for the bill to be headed to the President's desk and enacted into law. The bill extends bonus depreciation of business assets and the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation for 2014 purchases, advocated for by the United Motorcoach Association (UMA).
UMA supported passage of the critical legislation and applauds the House and Senate for its passage and recognition of the importance of business investment and creating jobs. UMA also participated in a coalition of over 500 other industry associations in support of the package of tax extenders.  
"We have been monitoring the progress of these tax provisions closely and urging passage at every turn," states Brian Annett, UMA chairman and president of Annett Bus Lines in Sebring, Fla.  
Victor Parra, president/CEO of UMA also commented,  "Studies reveal that once purchased, every motorcoach equals approximately 3.4 jobs."
A vote on the bill was delayed in the Senate as lawmakers wrestled with an omnibus spending bill that passed last week funding most of the government through the end of fiscal year 2015 and while a number of Presidential nominations were cleared.        
The UMA legislative team is already hard at work urging Congress to make this critical tax provision permanent next year.  

"Bus and motorcoach company owners need certainty when planning upgrades and expansion," states Brian Annett. "Making tax credits permanent will encourage operators to purchase new coaches and create new jobs."  

View comments or post a comment on this story. (0 Comments)

More News

Calif. tour bus crash kills 13, injures 31

All the victims were adults, according to the report, with the surviving passengers and the big rig driver only suffering minor injuries.

FMCSA awards grants to train military vets to drive buses, trucks

The current Commercial Motor Vehicle - Operator Safety Training Grant Program awards are projected to go toward training more than 250 people.

FMCSA proposes enhancements to Safety Measurement System's public website

While the Federal Register announcement responds to comments received following the June 29, 2015, notice, no changes will be implemented in the public SMS website display until after completion of the National Academies of Sciences Correlation Study as required by Section 5221 of the FAST Act.

ABA Foundation to double scholarship amounts in 2017

Also announced that all proceeds raised from ABA’s Annual Meeting & Marketplace Live and Silent Auctions will be allocated to the ABAF’s Fund a Future program to fund this scholarship initiative.

C&J Bus Lines installs Flyte Systems to keep real-time updates on airline schedules

C&J Bus Lines, a New England a transportation provider, installed FlyteBoard flight information displays at three of its terminals.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close