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LEGISLATIVE

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North Carolina

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6/23/09-Gov. Beverly Perdue signed a bill into law June 15 to ensure the state’s fuel tax rate won’t go down next month as expected.
SB200 makes the current fuel tax limit of 29.9 cents per gallon the minimum rate for the next two years. Without the change, the tax was expected to drop to 28 cents July 1.
The tax is comprised of a 17.5-cent flat rate and a 12.4-cent wholesale component. It is adjusted twice annually based on wholesale prices.

6/12/09-The House voted 64-52 to approve a bill that would ensure the state’s fuel tax rate won’t go down next month as expected. SB200 now moves to Gov. Beverly Perdue’s desk for her signature. Senate lawmakers already approved it.
Once it is signed into law, the current fuel tax limit of 29.9 cents per gallon will become the minimum rate for the next two years.
Without the change, the tax was expected to drop to 28 cents July 1.
The tax is comprised of a 17.5-cent flat rate and a 12.4-cent wholesale component. It is adjusted twice annually based on wholesale prices.
For bill status, call 919-733-9390.

6/4/09-The House Finance Committee voted Wednesday, June 3, to advance to the full House a bill that would make the current fuel tax limit of 29.9 cents per gallon the minimum rate for the next two years. If approved on the House floor the bill – SB200 – would advance to Gov. Beverly Perdue’s desk. Senate lawmakers already approved it on a 28-19 vote.
Without the change, the tax is expected to drop to 28 cents July 1.
The tax is comprised of a 17.5-cent flat rate and a 12.4-cent wholesale component. It is adjusted twice annually based on wholesale prices.
If approved, the tax is expected to increase one-half cent to 30.4 cents in January. According to a legislative fiscal note, the change would generate $67.5 million for roads and bridges through mid-2011.
For bill status, call 919-733-9390.

 

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