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(The Center Square) — Large fossil fuel companies will be required to pony up money to New York state for damage caused by climate change under a bill signed by Gov. Kathy Hochul, but critics ...
New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday.
National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York. The Utility segment sells natural gas or provides natural gas transportation services to more than 754,000 utility customers through a local distribution system located in western New York and northwestern Pennsylvania.
Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.
Three states—Kentucky, New Mexico, and New York—have "weight-mile" taxes in addition to the standard fuel tax. Oregon has just a weight-mile tax. Any amount of fuel taxes due (or refund) is then paid to (or received from) the base jurisdiction which issued the license. The member jurisdictions then take care of transferring the funds ...
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As of June 2015, the CBO projected that payments from the Highway Trust Fund to the many states would need to be delayed at some point before the end of federal fiscal year 2015 (i.e., before the end of September 2015) to keep the balance above zero, without either some increase in the federal motor fuel excise tax (or allocation of other ...
The first US state to tax fuel was Oregon, introduced on February 25, 1919. [4] It was a 1¢/gal tax. [5] In the following decade, all of the US states (48 at the time), along with the District of Columbia, introduced a gasoline tax. By 1939, many states levied an average fuel tax of 3.8¢/gal (1¢/L).