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Important News  

NAFA Strongly Urges Congress to Raise Federal Fuels User Fee

Automotive fleets are major users of the American highway system. Fleet autos, trucks, and vans depend on the system to carry out the mission of their company or agency, and that system requires funding to keep it viable for now and in the future. Yet maintaining funding for the Highway Trust Fund has been a perennial struggle on Capitol Hill. On the morning of February 9, 2015, NAFA Fleet Management Association submitted an urgent request to each Congressional office in Washington D.C. strongly urging representatives to raise the federal fuels user fee. click here NAFA Strongly Urges Congress to Raise Federal Fuels User Fee


NAFA States Congress Must Develop Long-Term Fix To Highway Trust Fund Issue

The U.S. Congress recently passed a short-term fix to provide funding for the Highway Trust Fund, but their work is not done yet, according to NAFA Fleet Management Association. “Congress must develop a long-term solution to this significant issue that has been plaguing the United States for more than a decade,” said NAFA Chief Executive Officer Phillip E. Russo, CAE. “We applaud Congress for taking action to provide a short-term patch, but they have once again kicked the can down the road and have not resolved the root issue.” NAFA will monitor this situation, and will continue to make the position of fleet professionals known to legislators until a satisfactory conclusion has been reached. click here NAFA States Congress Must Develop Long-Term Fix To Highway Trust Fund Issue


Tax Extenders Legislation Clears Congress: Several Key Tax Credits Reinstated Through 2014

On Tuesday night, December 16, the Senate approved legislation sent from the House that extends the life of a number of tax breaks through tax year 2014. Included in the package are a number of credits important to fleets, of which are outlined below.   Alternative Fuel Excise Tax Credit - $.50 per gallon alternative fuel tax credit for compressed natural gas and propane when used as a vehicle fuel. Biodiesel Production and Blending Tax Credit – Qualified biodiesel producers or blenders  are eligible for an income tax credit of $1.00 per gallon of pure biodiesel or renewable diesel produced or used in the blending process. Alternative Fuel Infrastructure Tax Credit – A 30 percent credit for installing vehicle refueling property for alternative fuel, such as pumps for ethanol or liquefied natural gas. Bonus Modified Accelerated Cost Recovery System (MACRS), commonly referred to as Bonus Depreciation – allows extra depreciation to be taken for 50 percent of a truck’s purchase price, with an extra bonus depreciation deduction of up to $8,000 for automobiles, light trucks, vans, and SUVs. President Obama is expected to sign the tax extenders legislation within days. As mentioned, the measure is only applicable to the 2014 tax year, which means the credits will not be renewed for tax year 2015 unless the new Congress takes the matter up again. NAFA will continue to monitor these events to keep you informed of current and upcoming legislative movements. click here Tax Extenders Legislation Clears Congress: Several Key Tax Credits Reinstated Through 2014


Michael Cole Named NAFA’s Vice President For Canada

NAFA Fleet Management Association (NAFA) is proud to announce Michael Cole, Team Lead, Strategic, for the Government of Ontario Fleet Management Center, has been named the Association’s new Vice President for Canada and Northern Region Trustee effective immediately. Cole, who joined NAFA in 2007, has been active within the Association as Chair of the Ontario Chapter. He replaces Pedro Miranda, who announced in early-October that he would not be involved in fleet moving forward. click here Michael Cole Named NAFA’s Vice President For Canada


NAFA Thanks Corporate Sponsors For Contributions To 2014 International Fleet Academy

NAFA Fleet Management Association extended thanks to the generous sponsors who have partnered with the Association for the 2014 International Fleet Academy, November 5-7 at Rosen Shingle Creek in Orlando, Florida. Their sponsorship helps fund the provisions that will make the IFA the premier networking opportunity of the fall season. click here NAFA Thanks Corporate Sponsors For Contributions To 2014 International Fleet Academy




 


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