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A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...
For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022.
Here is the breakdown for the two most common ways to use the standard mileage rate: business tax deductions and employee mileage reimbursements. Business/Self-Employed Tax Deductions
For drivers on the low-end of that range, they could deduct $53,600 in mileage for 2024, versus $52,400 in 2023, decreasing their tax liability and potentially putting money in their pocket.
The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...
In 1956, the United States, Canada, and Mexico came to an agreement with the American Association of Motor Vehicle Administrators, the Automobile Manufacturers Association and the National Safety Council that standardized the size for license plates for vehicles (except those for motorcycles) at 6 inches (15 cm) in height by 12 inches (30 cm) in width, with standardized mounting holes. [2]
Ohio. Massachusetts boasts the No. 3 lowest five-year vehicle ownership cost, but its mileage reimbursement law bumps it higher up on the list and puts Ohio in line just after Wisconsin.
Interstate 40 (I-40) is a part of the Interstate Highway System that travels 2,556.61 miles (4,114.46 km) from Barstow, California, to Wilmington, North Carolina.In North Carolina, I-40 travels 420.21 miles (676.26 km) across the entirety of the state from the Tennessee state line along the Pigeon River Gorge to U.S. Highway 117 (US 117) and North Carolina Highway 132 (NC 132) in Wilmington.