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Indiana residents will pay slightly less in gasoline taxes next month, but don't expect them to break out the party hats. Overall gas taxes will only nudge down 0.1 cents -- to 74.4 cents a gallon ...
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The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).
The closure of an Indiana oil refinery could be one factor. Shutdown of Indiana oil refinery impacts gas prices with a 21 cent increase from last month Skip to main content
By the late 1990s, Indiana property tax rates had begun to increase dramatically, largely due to increased school funding by school boards. In 2002 the average property tax assessment in the state was 8.82%, with some areas in excess of 10% leading to calls for property tax reform. [ 7 ]
Indiana has a biennial budget, and had a projected two-year deficit of $800 million. Daniels called for strict controls on all spending increases and reducing the annual growth rate of the budget. He also proposed a one-year 1% tax increase on all individuals and entities earning over $100,000.
Dec. 19—CONCORD — The Super PAC backing former President Donald Trump attacked Republican rival Nikki Haley for changing her view and supporting a state gasoline tax increase while she was ...
They may be tax breaks on consumption, such as a lower sales tax on natural gas for residential heating; or subsidies on production, such as tax breaks on exploration for oil. Or they may be free or cheap negative externalities; such as air pollution or climate change due to burning gasoline, diesel and jet fuel.