[Stay on top of transportation news: Get TTNews in your inbox.] Legislation designed to repeal a World War I-era tax on new heavy-duty trucks, tractors and trailers was recently introduced in the U.S.

Washington, D.C.—Congressman Doug LaMalfa, R-Richvale, reintroduced bipartisan legislation to repeal the 12 percent federal excise tax on heavy trucks in partnership with Reps. Pappas, D-NH, LaHood, R ...

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U.S. Rep. Dina Titus, D-Las Vegas, is again trying to remove the quarter percent federal excise tax, also known as the handle tax, on legal sports bets, she announced today. The tax “does nothing ...

Nevada Democratic Sen. Catherine Cortez Masto and Mississippi Republican Sen. Cindy Hyde-Smith Friday re-introduced a bill that would eliminate the one-quarter of 1% federal excise tax on sports ...

American lawmakers are again seeking to eliminate the federal excise tax on sports wagering, more popularly known as the "handle tax." Representatives Dina Titus of Nevada and Guy Reschenthaler of ...

Penn is expected to face a 4% federal excise tax on its endowment income starting July 1, 2026 — a move that University officials have warned could significantly hinder its ability to support student ...