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Yesterday, Senate Majority Leader Harry Reid introduced with Republican Leader Mitch McConnell legislation to extend expiring tax cuts for individuals that were originally enacted in 2001 and 2003. The newly introduced bill includes two priority provisions for public
transportation agencies and the riders they serve.
The package as introduced includes a one-year extension of the transit commuter tax benefit at the $230 level (the level of parity with the parking benefit). The benefit would carry forward through the end of calendar year 2011.
The package also includes an extension of the alternative fuels/natural gas tax credit through the end of 2011. That provision is retroactive to the beginning of 2010, allowing users of the credit to apply for the prior year’s natural gas consumption.
The Senate is expected to vote on the package on Monday, with the House to follow suit later that week.
Continued advocacy on these important tax extensions is important in order to ensure that they are retained in the final version of legislation signed by the President. It is critical for APTA members to contact their members of Congress immediately and urge them to support the inclusion of the alternative fuels tax credit and the commuter tax benefit in the final tax package.
When you speak to your Members of Congress or staff, please urge the following:
- Ask them to support the inclusion of the alternative fuels tax credit and the transit commuter tax benefit in the final tax package.
- Ask them to contact House and Senate Leaders to express support for the provisions and urge them to keep those provisions in the final package.
- Explain how important these tax credits are for your operating budgets and for commuters who use your service.
For more information, contact Paul Dean at (202) 496-4887 or email email@example.com
or Brian Tynan at (202) 496-4897 or email firstname.lastname@example.org