Lawmakers work on higher gas taxMarch 10,2013MONTPELIER — A Vermont House committee is soon expected to finish a gasoline tax increase that would take effect over the next two years.
The House Transportation Committee is expected to approve a 2 percent sales tax on gasoline that would take effect in June. In July of 2014, the sales tax would go up another 2 cents on a dollar, to 4 percent.
Meanwhile, in fiscal 2015, the cents-per-gallon tax would drop by nearly 6 cents from its current level of 19 cents per gallon. The upshot would be nearly $26 million more in gasoline taxes collected by the state.
Lawmakers have been looking for ways to shore up transportation revenues. Declining sales of gasoline have cut into revenues from gasoline taxes that historically have been raised mainly on a per-gallon basis.MORE IN This Just In
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: On this day in 1618, English author, poet, soldier, adventurer Sir Walter Raleigh is beheaded for conspiring to overthrow King James I, but more likely to mollify offenses to Spain. His executioner has to implore him for silence.
- RICHARD'S POOR ALMANACK: On this day in 1492, Italian explorer, admiral of the ocean sea, Christopher Columbus, sailing for the Spanish crown, 'discovers' Cuba; on this day in 1964, U.S. officials deny American involvement in bombing North Vietnam.
- Video: Fire engulfs house on Pine Street
- RICHARD'S POOR ALMANACK: On this day in 1936, Mrs. Wallis Warfield Spencer Simpson, mistress of King Edward VIII, is granted her second divorce, enabling her to marry the king. The government, the Church of England and the London Times have another idea.
- RICHARD'S POOR ALMANACK: V-2 No. 13, launched this day in 1946 from White Sands, New Mexico, takes first photographs of Earth from the edge of the planet's outer atmosphere; 1947: Walt Disney testifies before HUAC, names employees he says are communists.
- TOMORROW'S HEADLINES TODAY: Vermont's brand discussed at Killington, state's attorney candidates Marc Brierre and Rose Kennedy profiled, Curtis reports about Rutland police chief's new job, and four arrested, charged for heroin, crack sales.