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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).
Corporations that generate income from activities or sources in New Mexico and that are required to file federal income tax returns as corporations must pay corporate income tax to the state. [14] Corporate income is taxed at the rate of 4.8% for the first $500,000, 6.4% for the next $500,000 (up to total income of $1 million), and 7.6% for ...
The states of Colorado, North Dakota, and New Mexico followed shortly thereafter. By 1929, all existing 48 states had enacted some sort of gas tax. [28] Today, fuel taxes in the United States vary by state. The United States federal excise tax on gasoline is 18.4 cents per US gallon (4.9 ¢/L) and 24.4 cents per US gallon (6.4 ¢/L) for diesel ...
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Mar. 5—New Mexico became the fourth state in the nation to enact a clean transportation fuel standard when Gov. Michelle Lujan Grisham signed House Bill 41 on Tuesday and declared "clean fuels ...
And like New Mexico, there's a federal tax credit for charging stations, available for infrastructure set up between 2022 and 2033. For consumers, the credit is 30% of the unit cost or $1,000 ...
Costs were 2,500 euros/year for the device, 300 euros to install and remove it and 600 euros minimum for the mentoring programme. [10]: 7 Interlock systems were introduced in 2017 and consolidated into federal law (Driving License Act - Alternative Probation System Ordinance. As of 2020 there was no official evaluation and no published ...
Efforts by New Mexico to save and invest portions of a financial windfall from local oil production are paying off as state government income on investments surpasses personal income tax ...