• Lawmakers work on higher gas tax
    March 10,2013
    • Email Article
    •  
    •  Print Article
     
    MONTPELIER — 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.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In

    Emergency crews Thursday found two hikers from Vermont who spent the night lost... Full Story

    BENNINGTON — The annual Southern Vermont Garlic and Herb Festival, now in... Full Story
    BRANDON — The town’s annual summer townwide yard sale, one of the biggest in the state, will take... Full Story
    More Articles