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The gas tax included in the two-year budget would be adjusted annually with the consumer price index to ensure sufficient funding going forward, Marchbanks said. Governor's administration proposes ...
The national average for a gallon of regular gas topped $5 in June. While today's $4.16 is still high compared to the $3.18 motorists were paying this time last year, at least they're coughing up ...
The proposed policy would have occurred between July 1, 2022, and November 30, 2022. [7] The final legislation resulted instead in a one-month gas tax holiday for October 2022. [ 8 ] Other states, including New York, Georgia, Connecticut and Maryland, have suspended state gasoline taxes in 2022.
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedicated or hypothecated to transportation projects, in which case the fuel tax can be considered a user ...
The other 2.5 cents of the Omnibus Act was directed towards deficit reduction. In 1993, President Clinton increased the gas tax to 18.4 cents with the Omnibus Budget Reconciliation Act of 1993 with all of the increase going towards deficit reduction. The Taxpayer Relief Act of 1997 redirected the 1993 increase to the newer Fund. [4]
The GOP proposal would not increase the gas tax and instead relies on keeping the bonding capacity to $12 billion, less than the $15 billion proposed in the Democrats’ bill, but says that could ...
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Gov. Mike DeWine has signed legislation that could increase how much consumers pay for natural gas as part of a plan to boost economic development. Ohio Gov. Mike DeWine signs legislation that ...