Legislative update: Senate passes highway bill - KPMG Global
Share with your friends

Legislative update: Senate passes highway bill

Legislative update: Senate passes highway bill

The Senate today passed (91 to 4) the short-term highway bill that was passed by the House yesterday. President Obama is expected to sign the bill, now that it has been passed by both houses of Congress.


Related content

H.R. 3236 provides funding and authorizes spending with respect to the highway trust fund through October 29, 2015. The bill includes a number of tax-related provisions, including measures concerning:

  • Tax filing due dates
  • Reporting by estates
  • Reporting by lenders regarding mortgages
  • Statute of limitations in instances of the overstatement of basis
  • Transfers of excess pension assets to retiree health accounts
  • Excise tax on liquefied natural gas (LNG) and liquefied petroleum gas (LPG)

The bill also includes measures concerning TSA fees and veterans’ health issues.


The Senate today also passed a six-year highway authorization bill that contains a number of tax provisions.

While this bill is not expected to become law in the near future, observers anticipate that it would likely be part of conversations that will take place in the fall as congressional leaders attempt to negotiate a multi-year extension of the highway trust fund. A number of policy makers have been vocal in their desire to also include significant tax legislative changes—particularly in the area of international taxation—in these negotiations as well.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


Request for proposal