North Carolina Gas Tax Increases Jan 1

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Even though it was expected, the recent news that North Carolina’s gas tax is going up
is not sitting well with motorists in the state.

On Tuesday Revenue Secretary David Hoyle announced motor fuels tax would increase by 3.9 cents per gallon to a record 38.9 cents starting Jan 1,2012.

This latest tax hike comes on the heels of the nearly 2.5 cent increase back in July.
State law directs the tax be recalculated automatically twice a year based on a formula linked to wholesale gas prices.

According to the Assoicated Press,the upcoming tax increase falls in line with estimates made by the Legislature’s nonpartisan fiscal staff.

The North Carolina House voted last month to cap the tax at 35 cents for six months, but the Senate declined to take up the bill.

North Carolina has the 3rd highest gas tax in the nation.

Here’s a link to the total US fuel taxes by state.

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