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The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [ 1 ] [ 2 ] Proceeds from the tax partly support the Highway Trust Fund . The federal tax was last raised on October 1, 1993, and is not indexed to inflation , which increased 111% from Oct. 1993 until Dec. 2023.
The following is a list of fuel tax rates for different ... €1.498/litre for diesel since 7 January 2025. ... States federal excise tax on gasoline is 18.4 ...
Federal excise taxes have been stable at 18.4¢ per gallon for gasoline and 24.4¢ per gallon for diesel fuel since 1993. This raised $37.4 billion in fiscal year 2015. These fuel taxes raised 90% of the Highway Trust Fund. The average of state taxes on fuel was 31.02¢ per gallon for gasoline and 32.66¢ per gallon for diesel fuel in 2021 ...
Muresianu also noted that although temporarily suspending the federal gas tax would be a smaller program than the March 2021 American Rescue Plan (ARP), it, like the ARP, would provide more fiscal ...
The state fuel tax, now 40.5 cents a gallon, accounts for about half of state revenues for transportation (the state also receives funding derived from federal fuel taxes of 18.3 cents on gas and ...
Here are some ways your taxes may change in 2025 and beyond. Tax benefits for small businesses. The TCJA lowered the corporate tax rate for businesses to a flat 21 percent, from a graduated system ...
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [16] [17] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct
The tax credit, the engine behind Biden’s ambitious plan to generate 3 billion gallons in production of sustainable aviation fuels by 2030, was due to become effective Jan. 1.