Its licence to operate was revoked by the Traffic Commissioner in August, with the action deferred
to allow time for a new company, Express Motors (Caernarfon) Ltd, to be set up with new management.
With Congress focused on 2006 (and likely 2007) budget and tax reconciliation bills, incremental fixes and patches to the Internal Revenue Code, as well as ongoing debate over the permanency or extension of various tax provisions, the current year seems the time to "set the stage" with further deliberation and study of tax reform and with congressional action deferred
But with the action deferred
until a later time, the effective date could be applied retroactively.