Posts by MTAC Staff
IRS issues guidance on disallowing PPP-funded expenses for 2020 tax year
From Wipfli. On November 18, the IRS released Revenue Ruling 2020-27, which states that a taxpayer who reasonably expects full PPP loan forgiveness is not allowed to deduct expenses up to the loan forgiveness amount for the year in which the expenses are incurred. The IRS laid out two situations for calendar-year taxpayers in the…
Read MoreMTAC produces pro-trucking video
MTAC has produced a pro-trucking video which focuses on the critical role the trucking industry, and specifically truck drivers, held in keeping our country going during the worst times of the COVID-19 pandemic. Please view the video, share with your drivers, and post on social media.
Read MoreNew payroll tax may surprise Connecticut residents
From NBC Connecticut. Beginning on January 1 an estimated 1.7 million workers in the state of Connecticut will see a half of a percent of every paycheck go to the CT Paid Leave Authority trust fund. However, they won’t be able to access any paid leave for one year. See the complete story from NBC…
Read MoreTruck, engine makers refine products to meet 2021 GHG emission standards
From Transport Topics. When the U.S. Environmental Protection Agency and National Highway Traffic Safety Administration in 2016 finalized the Phase 2 standards for greenhouse gas emissions and fuel efficiency for model year 2021 heavy- and medium-duty trucks, no one had a crystal ball that could predict how the market would look four years down the…
Read MoreFCC reassigns transportation safety spectrum
From Transport Topics. Despite pushback from transportation stakeholders and key policymakers on Capitol Hill, the Federal Communications Commission moved forward with its plan to reallocate some transportation safety spectrum for broadband uses. The FCC on Nov. 18 voted to reassign a portion of the 5.9 GHz transportation safety band to allow use by unlicensed Wi-Fi…
Read MoreCOVID Vaccination Survey – Responses Needed
MTAC is working with the Connecticut Department of Public Health (DPH) to gather information from critical infrastructure stakeholders (such as the commercial trucking industry) to help plan for early allocation of COVID-19 vaccinations. Accordingly, MTAC and DPH are asking members to complete the brief survey. [av_button label=’Complete Survey’ icon_select=’no’ icon=’ue800′ font=’entypo-fontello’ link=’manually,https://www.surveymonkey.com/r/CriticalIntrastructure’ link_target=’_blank’ size=’large’ position=’center’…
Read MoreTCI Tax Calculation – Action Required
Connecticut is a participating state in the Transportation Climate Initiative, which it says is a “regional collaboration of 12 Northeast and Mid-Atlantic states and the District of Columbia that seeks to improve transportation, develop the clean energy economy and reduce carbon emissions from the transportation sector.” Ultimately what TCI will do, if adopted, is impose…
Read MoreTruckers Against Trafficking educational presentation
Human trafficking unfortunately remains a big problem around the world, including in the United States, today. Acts of human trafficking could be happening close by, yet bystanders may not be able to act to stop it because they don’t recognize the signs of human trafficking. That is why MTAC invites all interested parties to an…
Read MoreIRP Online Renewal Manual updated
During MTAC’s recent virtual annual meeting, some MTAC members asked Connecticut DMV officials if they would add the list of required documents to the instruction manual for online renewals. DMV has done so, and the list can now be found on Page 26 of the manual. The pertinent part reads as follows: The documents required…
Read MoreHamden DMV Inspection Lane to close
Notice from the Connecticut Department of Motor Vehicles. The Hamden Inspection Lane will close at 4 p.m. Friday, Nov. 13, and remain closed until further notice. Effective Monday, Nov. 16, all inspections must be brought to the Wethersfield Inspection Lane as indicated on the DMV webpage.
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