In this issue of the Monday Morning Messenger, the association wants to remind everyone of an important compliance deadline with the Railroad Commission of Texas. On a similar note, TPGA revisits the bobtail and transport COVID 19 certification waiver.
Also, not many bills have made it past both chambers. Check out our brief about one piece of business tax legislation that made it to the finish line that may affect your business if you took out a PPP Loan.
Speaking of PPP loans, did you know you can still apply for an initial PPP loan or even a second PPP loan? Check out what the application deadline has been extended to in this issue of the Messenger.
Lastly, for over 20 years, the LPG Charity Fund has assisted industry members suffering from astronomical medical bills and other financial burdens. One of the ways the LPG Fund continues to generate funds to give is through its annual fundraisers. Check out more about this quarter's fundraiser and how you can bowl for a cause and support the fund.
Check out our Quick Links section for some important reminders and links. Our first link connects to more information on the CVSA Annual International Road Check, which starts tomorrow. Read more about the increased roadside enforcement event in our first quick link. Also, we give you fast access to PSC, which has another limited-time sale happening right now; check out the discounted items.TPGA additionally provides a link to the scholarship program which the deadline is right around the corner. In our last link, please find a link to more information on our 2021 convention host city. See all that Corpus has to offer!
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In this issue
- In Brief
- Important RRC Deadline
- RRC Waiver Update
- HB 1195 Sent to Governor
- PPP Loan Extension
- Bowling Tournament
- Quick Links
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Calendar
May 3-28, 2021
May 4-6, 2021
May 5, 2021
May 13, 2021
May 31, 2021
TPGA & RRC
Closed Memorial Day
May 31, 2021
May 31, 2021
May 31, 2021
Sine Die Texas Legislature
May 31, 2021
May 31, 2021
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Countdown to May 31, 2021 |
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May 31st sneaks up on some of us every year and is right around the corner.
For those of you performing regulated LPG activities in Texas, May 31st is certification renewal time.
For some of you, it is the deadline for continuing education, which is required every 4 years. Don't know if you or one of your employees is due for continuing education and don't have your/their blue card handy? Then look it up below.
The below-linked list has RRC LPG certified employees' continuing education due dates. The report was generated by the Commission as of 04/09/21.
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And for new propane employees, it could mean the deadline for initial training if they passed an exam between June 1, 2020 - February 28, 2021, but still have not completed the initial course of instruction. |
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While we are the subject of Railroad Commission compliance, due to COVID, many members were able to employ bobtail and transport drivers without having to go through the certification process due to a Railroad Commission waiver that outlined as long as the Governor's COVID Disaster Declaration is active, the bobtail and transport certification requirement is waived. The Governor's COVID Disaster Declaration has been renewed every 30 days consistently since last Spring 2020; however, as more and more Texans get vaccinated, we do not know how likely it will continue to be renewed.
The waiver does not give a grace period. When the waiver ends, those bobtail and transport drivers are expected to immediately comply.
The Governor's Disaster Declaration tentatively expires May 05, 2021 (if not renewed).
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PPP Texas Franchise Tax
Exemption Bill Sent to Governor
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ln response to the COVID-19 pandemic, the U.S. Congress on Capitol Hill offered various forgivable loans like the Paycheck Protection Program (PPP) loan and EIDL Advanced grant. On a federal level, Congress and IRS have clarified that these loans and grants are not considered income for federal tax purposes.
Accordingly, an update to Texas franchise tax law was needed to ensure these businesses are not required to pay state franchise taxes on certain forgivable loans and grants.
HB 1195 defines qualifying loans or grants and excludes those qualifying loan or grant proceeds from a taxable entity's total revenue relating to its franchise taxes. The bill also allows a taxable entity to include expenses paid using a qualifying loan or grant proceeds in the entity's determination of cost of goods sold or determination of compensation if that expense was otherwise includable.
The bill has passed both chambers of the Texas Legislature and has been sent to Governor to sign into law.
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Speaking of the Paycheck Protection Program, did you know the first and second loan deadline was extended?
The extension to apply for a first or second PPP loan is May 31, 2021.
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All proceeds benefit the LPG Charity Fund www.lpgfund.com |
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LPG Charity Fund
Bowling Tournament
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Thursday, May 13, 2021, 11:30 AM
AMF Willow Lanes
19102 State Highway 249
Houston, TX 77070
Register for the no taps tourney as an individual or a 5 player team.
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Podcast Spotlights LPG Fund |
Check out this archived Pipeliners Podcast on how the LPG Charity Fund works and what it covers. |
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MAY 4-6, 2021
! INCREASED ROADSIDE !
ENFORCEMENT
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LIMITED TIME
DISCOUNTED ITEMS
AT PROPANE SERVICE CORP
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CASH FOR COLLEGE
TPGA SCHOLARSHIP DEADLINE IS June 1, 2021
DON'T MISS OUT
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DISCOVER CORPUS AT
TPGA CROSSROADS CONVENTION & EXPO
AUGUST 12-14, 2021
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