North Carolina state government graphic
Posted: Thursday, February 12, 2015 7:11 am
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Updated: 7:14 am, Thu Feb 12, 2015.
news-record.com
A bill that would temporarily cut North Carolina’s gas tax by 2.5 cents and set the state’s minimum gas tax at 35 cents per gallon is advancing though the Senate and is expected to be heard by the House this week.
The bill would go into effect March 1, bringing the current 37.5-cents-per-gallon rate to 35 cents per gallon. The purpose of the bill is to stabilize revenue brought in by the gas tax, which fluctuates based on the price of fuel, to ensure the state has enough money to pay for highway and bridge projects.
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NC Senate gas tax cut bill could lead to even higher rates
RALEIGH, N.C. (AP) — A quick cut in North Carolina’s gasoline tax proposed Tuesday by Senate Republicans could bring higher tax rates to the pump later this decade.
NC gasoline tax reformulation gets initial Senate approval
RALEIGH, N.C. (AP) — North Carolina’s gas tax would quickly fall if Republican legislation that won initial state Senate approval Wednesday becomes law. But it’s expected to fall even lower if…
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Thursday, February 12, 2015 7:11 am.
Updated: 7:14 am.
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