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The Nickel Project was designed to generate $3.9 billion over a ten-year period to finance 158 transportation projects across Washington. The funding was sourced through: Gas Tax Increase — A 5-cent per gallon increase in the state gasoline tax. Heavy Truck Fees — A 15% increase in gross weight fees for heavy trucks.
Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [15] The tax was last raised in 1993 and is not indexed to inflation. Total inflation from 1993 until 2017 was 68 percent or up to 77 percent, depending on the source. [16 ...
New legislation for the 2025 session offered by Senator Curtis King, R-Yakima, would increase the percentage of vehicle sales taxes devoted to the transportation budget from only .03% by 16.66% ...
But since February 2024, prices started to increase again. Washington has the third-highest gas prices in the country, following California at $4.83 a gallon and Hawaii at $4.68 a gallon ...
Washington gas prices. Washington state’s average cost of gas per gallon is now $5.12 — a 3-cent increase from September’s average of $5.09. Last September, gas averaged $5.32 a gallon in ...
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 ...
Here’s where you can find the most affordable gas prices near you, and how prices compare in Washington state and Vancouver, B.C.
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]