News

School bus fuel tax exemption preserved

Repeal of the exemption was under consideration in the Senate Finance Committee. The National School Transportation Association called on committee members to defend against the effort, which association officials said “would have been tantamount to imposing a tax increase on private school bus transportation providers.”

In June, five members of Congress and a senator wrote a joint letter to Treasury Secretary Timothy Geithner asking him to clarify the federal fuel tax exemption policy for school bus operators. Geithner responded in July and stated that the law does not limit the exemption based on size of a school bus.
News

School bus operators still eligible for fuel tax exemptions

After some IRS offices challenged operators’ claims of exemptions for smaller school buses earlier this year, the NSTA presented the issue to members of Congress, who asked Treasury Secretary Timothy Geithner to clarify the tax policy. Geithner stated that the law does not limit the fuel tax exemption based on size of the bus, and the IRS cases have been dismissed.

School buses and their related parts will remain tax-free. Gov. Edward Rendell had proposed earlier this year to repeal these exemptions, along with those for 73 other goods and services, but the move received little support from the General Assembly.
News

Pennsylvania upholds tax-exempt status for buses, parts

Earlier this year, Gov. Edward Rendell proposed to repeal sales tax exemptions for 74 goods and services, including those for school buses and their parts, but the move received little support from the General Assembly. The Pennsylvania School Bus Association, which took action to oppose the proposal, is prepared for a possible resurgence under a new administration next year.

News

Bill would cut sales tax on school buses with belts

A proposal to require seat belts on Connecticut school buses was defeated, but legislation that would create a financial incentive for equipping buses with three-point belts was overwhelmingly approved by the House.

News

Contractors could be exempt from paying taxes on buses

New Mississippi legislation would allow companies that operate buses and other vehicles to transport students to and from school to waive ad valorem taxes on their units if they are under contract to a school board on or after July 1.

Article

Tax planning for 2009

The February 2009 issue of SCHOOL BUS FLEET featured a tax planning article for school bus contractors for 2008 and beyond. Coincidentally, the same month ...

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