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T.R.U.S.T.

States pursue, act on fuel tax rate changes

Land Line

By Keith Goble

APRIL 6, 2023


Fuel tax rates are a trending transportation topic at statehouses from Utah to Pennsylvania. Advocates for trimming fuel tax collection at the state level say the time is right for the move. They cite new federal dollars for transportation purposes, higher fuel costs, and budget surpluses that could cover reductions in fuel tax collections. Missouri Multiple Missouri bills would provide some tax relief for all highway users. A two-year-old law will increase the 17-cent fuel tax rate by 12.5 cents to 29.5 cents over five years. A fuel tax rebate program is available for many residents. The first installment of annual 2.5-cent increases took effect in October 2021. The second installment went into effect on July 1. The tax rate now is set at 22 cents for gas and diesel purchases. Additional 2.5-cent increases are set to take effect each July through 2025. Missouri residents are able to go through a refund process for the additional fuel tax collection. Refunds, however, are limited to owners of vehicles weighing up to 26,000 pounds.


View the full article: LandLine.media

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