TAX FILE: Lawmakers pump out fuel tax bills

Rising fuel prices have prompted a flurry of bills relating to fuel taxes. Bipartisan leaders in New York said on May 9 that they were close to capping or replacing the sales tax on fuels sold there. In contrast, single-party bills to suspend fuel-related taxes appeared headed nowhere. In late April, five Democratic senators proposed a 60-day suspension of federal highway fuel taxes, with the revenue

Rising fuel prices have prompted a flurry of bills relating to fuel taxes. Bipartisan leaders in New York said on May 9 that they were close to capping or replacing the sales tax on fuels sold there.

In contrast, single-party bills to suspend fuel-related taxes appeared headed nowhere. In late April, five Democratic senators proposed a 60-day suspension of federal highway fuel taxes, with the revenue loss to be offset by higher taxes on oil companies. Republicans in Illinois proposed a four-month holiday on that state's 6.25% sales tax on highway fuels. Neither of these bills received a warm initial welcome from the respective majority party involved.

Going the other way, a bill moved forward in the Minnesota legislature to raise highway fuel taxes by 3¢/gal. on July 1 and a further 3¢ a year later. All of the money would go for transportation spending.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish