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Starting July 1, 2008, the standard mileage rate for business miles is being increased to 58.5 cents per mile. The rate is currently at 50.5 cents per mile. Over the years, the IRS has somewhat ...
A vehicle miles traveled tax, also frequently referred to as a VMT tax, VMT fee, mileage-based fee, or road user charge, is a policy of charging motorists based on how many miles they have traveled.
The money for the project comes from $625 million in bonds and a $387 million loan from the federal government. The North Carolina Turnpike Authority deposited this money on July 29, 2009, and on the same day the agency's executive director David W. Joyner signed contracts to pay $584 million of that money to three companies to build the road over the next 42 months, creating 13,800 jobs.
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
Though the toll rates have not been established, a NCDOT report suggest charging $0.192 per mile ($0.119/km) for cars in the phase 1 section, with a much lower rate of $0.064 per mile ($0.040/km) on phase 2 sections; which would work out to be $19.20 from border to border (trucks with three axles or more will be charged more).
Interstate 77 (I-77) is a part of the Interstate Highway System that runs 610.10 miles (981.86 km) from Cayce, South Carolina to Cleveland, Ohio.In the U.S. state of North Carolina, I-77 travels a total of 105.7 miles (170.1 km) from the South Carolina state line in the city of Charlotte to the Virginia state line north of Mount Airy.
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The second extended from east of Plato Lee Road to east of North Carolina Highway 226 (NC 226; Polkville Road) and was 2.6 miles (4.2 km) in length. All three sections, which all add up to 5.6 miles (9.0 km), were opened to traffic together after the paving was completed on April 13, 2020.