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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. [16] 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. [17 ...
In 2024, inflation has hit the U.S. and the global economy with a vengeance. From the perspective of the American consumer, the skyrocketing cost of gas has likely been the clearest indication of...
4. New Jersey: $0.423 per gallon. New Jersey imposes a gas tax of $0.423 per gallon and it's only set to increase more. Despite being one of the smaller states, New Jersey's strategic location ...
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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 ...
Regardless of the Supreme Court's admonition to the two states against further litigation on this subject, they were back before the court as late as November 2005, when New Jersey's desire to approve plans by BP to build a liquefied natural gas terminal along the New Jersey shore of the Delaware River fell afoul of Delaware's Coastal Zone Act ...
Here are the 10 states that charge drivers the lowest gas tax, and how much they charge per gallon of unleaded gas: Alaska: $0.09. Hawaii: $0.16. New Mexico: $0.17. Arizona: $0.18. Mississippi: $0 ...
New Jersey does not charge sales tax on most unprepared foods, household paper products, medicine, and clothing. As of July 1, 2022 New Jersey Does not charge sales tax on medical cannabis. [6] New Jersey does not charge sales tax on gasoline, but gasoline is subject to a $0.418/gallon excise tax. [citation needed]