WASHINGTON, D.C. -- Several states have gone decades without raising their gasoline tax, and 2017 may prove to be a tipping point.
With gasoline prices relatively low, many states have taken the opportunity over the past few years to increase their fuel excise taxes to raise money to fund infrastructure improvements. According to an analysis by the Institute on Taxation and Economic Policy (ITEP), Washington, D.C., 24 states have increased or changed their gasoline-tax structure since 2013.
In addition, on July 1, 2017, seven states will raise their gasoline tax, led by:
- Indiana (9.9 cents per gallon (CPG))
- Montana (4.5 CPG)
- Tennessee (4.0 CPG)
- West Virginia (3.5 CPG)
- South Carolina (2.0 CPG)
- California (1.9 CPG)
- Maryland (0.3 CPG)
Two states’ taxes will decrease slightly on this date: Iowa (-0.2 CPG) and Nebraska (-0.3 CPG).
Meanwhile, as of July 1, 13 states will have gone two decades or more since raising their fuel taxes, including one that is flirting with the half-century mark. Here are the states with the longest stretches ...