• Lawmakers work on higher gas tax
    March 10,2013
     

    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.

    MORE IN This Just In
    MONTPELIER — The state’s congressional delegation announced $2. Full Story
    Many Vermont dairy farms are experiencing a tough summer, receiving very low prices for their... Full Story
    MONTPELIER — The state of Vermont will receive $300,000 from Wells Fargo Advisors as the result... Full Story
    More Articles
  •  
     
    • MEDIA GALLERY 
    • VIDEOS
    • PHOTOS