President signs legislation, highway-related taxes extended

President signs legislation, highway-related taxes

President Obama on December 4, 2015, signed into law the conference agreement for H.R. 22, the “Fixing America’s Surface Transportation (FAST) Act”—a bill extending authorization for spending from the highway trust fund and other related funds through September 30, 2020.

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The legislation includes tax provisions and measures that extend:

  • A variety of highway-related taxes such as the taxes imposed upon gasoline, diesel fuel and kerosene, and certain tires—through September 30, 2022
  • The heavy vehicle use tax—through September 30, 2023

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