Equipment World: Gas Tax Increases for Transportation Funding Start Today in 6 States
media mentionThe flurry of state gas tax legislation enacted earlier this year now goes into effect for a handful of states across the country, providing an increase in funding for much-needed transportation projects.
“While some drivers may view this as an unwelcome development during the busy summer travel season,” said Carl Davis, research director for the Institute on Taxation and Economic Policy, “the reality is that most of these ‘increases’ are simply playing catch-up with inflation after years (or even decades) without an update to the gas tax rate.”