Transportation Law Alert: Impact of New Tax Bill on Motor Carriers

As everyone is well aware, yesterday Congress passed the new tax reform bill. While the bill’s new higher standard deduction, reduced corporate tax rates, and scrapping of the Obamacare individual health insurance mandate have received widespread attention in the news, there are a few provisions in the bill receiving little attention that may have a significant impact on motor carriers and others in the transportation industry.  Two such provisions are briefly outlined below.

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