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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 proposal was swiftly dismissed by state legislators because even some other Republicans thought it would cause the state to lose too much tax revenue. And the state gas tax was never increased ...
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. [9]
Gov. Mike DeWine's administration on Thursday recommended increasing the state gas tax by 18 cents a gallon beginning July 1 and annually adjusting that tax for inflation to provide sufficient ...
Gas Tax Rate: Alaska. Total state tax for gas: $0.09. Average price for regular gas: $4.37. Average price for diesel fuel: $3.92. Find Out: 6 Car Brands With Reliable Used Cars
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]
“Given the large increase in home values across Georgia in recent years, many school districts, cities, and counties have been able to count on a boost in revenue without raising tax rates year ...
The suspension of the taxes, at 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel, begins Wednesday and lasts through Oct. 12. Georgia Gov. Brian Kemp is suspending state ...