Seven States Whose Residents Must Just Love Their Representatives -- States Where Gasoline Taxes Jump On July 4th Weekend -- June 30, 2017

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Title : Seven States Whose Residents Must Just Love Their Representatives -- States Where Gasoline Taxes Jump On July 4th Weekend -- June 30, 2017
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Seven States Whose Residents Must Just Love Their Representatives -- States Where Gasoline Taxes Jump On July 4th Weekend -- June 30, 2017

The seven states:
  • California: a trivial jump in state income tax, at 1.9 cents/bbl -- rate calculated based on a formula that ties the rate to the price of gas; but get this: on November 1, 2017, the gasoline tax will increase by 12 cents and diesel will increase by 20 cents
  • Montana: jumps 4.5 cents/gallon; rising first time in 23 years
  • Tennessee: jumps 4 cents/gallon; first assessment since 1989
  • West Virginia: 3.5 cents
  • South Carolina: 2 cents; first of six annual hikes of the same size; first increase since 1989
  • Maryland: 0.3 cents/gallon based on an inflation formula
But get this: two states will lower their gasoline taxes --
  • Iowa: the gasoline tax will drop 0.2 cents/gallon (trivial) but the tax on blended ethanol that accounts for most of the market will remain unchanged
  • Nebraska: dropping 0.3 cents/gallon now, but will jump 1.5 cent(s) on January 1, 2018
Hey, what happened to New Jersey. I thought New Jersey raised their state gasoline tax. The state did ... but it was last year, November 1, 2016 -- state gasoline tax jumped 23 cents/gallon in New Jersey --  New Jersey drivers no longer pay the second-lowest state gas taxes in the U.S., a rare exception in an otherwise high-tax state ... corresponding sales, estate and income tax cuts will be phased in over years.


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