gas tax

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Tennessee Governor Bill Haslam is proposing to raise the state’s tax on each gallon of gasoline by 7 cents while cutting sales tax on groceries and income from earnings on stocks and bonds. 

Oklahoma lawmakers are staring into a budget hole that's nearly $900 million deep — and they might not be able to cut their way out of it. Legislators are considering tax increases to help fund state government, and one idea is gaining traction: Hiking taxes on gasoline and diesel.

Amid tumbling gas prices earlier this year, the Kentucky General Assembly created an artificial “floor” to the state’s fuel tax to try and mitigate dwindling tax receipts into the state road fund.

On Tuesday, transportation officials said recent legislative action ensured that the state didn’t miss out on about $291 million in fuel tax revenue.

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A conservative non-profit group says it doesn’t want state lawmakers to freeze the state’s plummeting gas tax.

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Many Kentucky lawmakers are probably a bit worn out after another late night session in Frankfort Wednesday. It's become a tradition for state legislators to work a long day right before the end of the session break.

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The chair of the state Senate Transportation Committee is still confident that something will be done to adjust Kentucky’s gas tax before the legislative session ends.

But the committee chair, Sen. Ernie Harris, said it’s still unclear what a final bill would look like or where it would come from.

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Concerns about Kentucky's dwindling gas tax got a full review during a Senate legislative committee Wednesday. The major worry from state lawmakers and local government leaders is how the drop in revenue effects the Commonwealth’s road construction and maintenance fund.

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When they return to work next week, Kentucky lawmakers are expected to consider ways to stem a drop in state gas tax monies.

Significant declines in the price per gallon at the pump have led to a loss of revenue to maintain and build roads. 

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The head of the Kentucky Senate Transportation Committee doesn’t see much support in his chamber for freezing the state’s gas tax.  

Funds from the tax go to build new roads and bridges and finance improvements. Governor Beshear is suggesting the fee stay at the December rate, a penny and a half higher than that of January. 

Kentucky to Raise Gas Tax in July

Jun 5, 2013
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Kentuckians can expect to pay a bit more at the pump this summer, due, in part, to a rise in the state gas tax. Starting July first, gasoline prices will have an extra 2.4 cents tagged on, accounting for a total of a more than 32-cent tax.

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