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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

GAS TAX RISES BY 12 CENTS PER GALLON NEXT WEEK

October 30, 2017

Next Wednesday the statewide excise tax on gasoline will jump by 12 cents per gallon to a total of 41.7 cents per gallon. Diesel will increase by 20 cents per gallon to 36 cents and the sales tax will increase to 13 percent, up from 9 percent. Add to that, local taxes.

The increase will coincide with retailers switching from Summer blend gasoline to the cheaper Winter blend, so the full increase may be mitigated.

Much of the funding is dedicated to new roads and infrastructure however many in the business community are concerned that increased transportation costs will have a negative impact on the important Goods Movement sector.

Click here for a full story on the gas tax.

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