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More States Plan to Raise Taxes on Fuel
Three states—California, Indiana and Tennessee—have raised taxes on gasoline so far this year, and South Carolina is poised to join them, The Wall Street Journal reports.
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Three states—California, Indiana and Tennessee—have raised taxes on gasoline so far this year, and South Carolina is poised to join them, The Wall Street Journal reports.
Per-gallon taxes currently range from 12.3 cents in Alaska to 59.3 cents in Pennsylvania. South Carolina, whose tax is at 16.8 cents today, proposes to raise the levy by 12 cents over the next six years.
Lawmakers in Alabama, Louisiana and Oklahoma also are pondering an increase in their fuel taxes. Most state also are indexing the fees to inflation. An analyst with the Tax Foundation tells the Journal that raising fuel taxes and tolls is a “defensible” way to pay for road, bridge and tunnel maintenance because it’s a user-pay system.
South Carolina estimates it needs to spend $1 billion annually to fix its roads, which are considered among the worst in the U.S. The planned fuel tax levy is projected to generate $630 million per year when fully implemented, according to the Journal.
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