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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 ...
California Proposition 6 was a measure that was submitted to California voters as part of the November 2018 election. The ballot measure proposed a repeal of the Road Repair and Accountability Act (a fuel tax), which is also known as Senate Bill 1 (SB 1). The measure failed with about 57% of the voters against and 43% in favor.
The Road Repair and Accountability Act of 2017 (Senate Bill 1), also known as the "Gas Tax", is a legislative bill in the U.S. state of California that was passed on April 6, 2017 with the aim of repairing roads, improving traffic safety, and expanding public transit systems across the state.
Gov. Gavin Newsom plans to revive California's EV rebate if Trump ends the federal tax credit. But Tesla, the largest electric-vehicle maker, would be excluded under the proposal.
81 – Failed – California Reading and Literacy Improvement and Public Library Construction and Renovation Bond Act of 2006; 82 – Failed – Public Preschool Education. Tax Increase on Incomes Over $400,000 for Individuals; $800,000 for Couples.
EVs account for 22% of California sales - or 293,000 through Sept. 30 - and it is unclear how much the state program would cost and if it would include the federal $4,000 tax credit for used EVs ...
Historically, some ballot questions did not expressly specify the duration of a tax, including if a proposed tax would be permanent. However, effective January 1, 2018, if a proposed local government measure imposes a tax or raises the rate of a tax, the ballot must specify the duration of the tax to be levied. [102]
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.