At least 18 state legislatures have either passed tax increases this year to fund infrastructure or are considering it.
The Pennsylvania Senate Transportation Committee recently passed a $2.5 billion transportation package that uncaps the oil company franchise tax, a tax on the wholesale price of gasoline, to help raise infrastructure revenues. The oil company franchise tax is applied to the first $1.25 per gallon of the average wholesale price of gas, estimated this year at $3.11 per gallon by the state Department of Revenue.
The D.C. Council recently approved a record $12.1 billion budget that eliminates the city’s 23.5-cents-a-gallon gas tax and replaces it with an 8.3 percent tax on wholesale gasoline and diesel purchases.
Meanwhile, a new Michigan poll says that most would favor an increase of one percentage point in the state sales tax — from 6 percent to 7 percent — to fix and maintain the state’s roads and bridges.
This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.
If you aren't reading NNW, you are missing out. Not a member? Join today or submit a request to receive additional information. If you are a member and not receiving NNW, submit a request to be added to the email list.
Subscribe to Updates
NATSO provides a breadth of information created to strengthen travel plazas’ ability to meet the needs of the travelling public in an age of disruption. This includes knowledge filled blog posts, articles and publications. If you would like to receive a digest of blog post and articles directly in your inbox, please provide your name, email and the frequency of the updates you want to receive the email digest.