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Itís official: California Gas tax going up

 
Stu
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User ID: 34053111
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03/03/2013 02:23 AM

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Itís official: California Gas tax going up
"good timing" along with all the other hikes in taxes, food, etc


amazing that 5 people decide on taxes for millions of drivers and businesses


It's official: Gas tax going up
By Jonathan Horn11:42 a.m.Feb. 28, 2013


The tax you pay on a gallon of gas will rise by 3.5 cents in California come July 1.

The state Board of Equalization voted 3-2 on Thursday to increase the excise tax about 10 percent, from 36 cents per gallon to 39.5 cents per gallon.

The increase is partly due to a $157 million shortfall in gas-tax revenue in fiscal 2012, and also a projection of less consumption by California drivers.

The state legislature switched its gas taxation system in 2010 so it could re-appropriate some of the gas tax money from road maintenance to other areas. It reduced the sales tax from 8.25 percent to 2.25 percent, but roughly doubled the excise tax to 35.3 cents. The excise tax has increased multiple times since, but previous hikes were by fractions of cents.

An excise tax is a tax on an individual product purchased, not based on the price. The publicly elected Board of Equalization must set the rate each year by March 1 so that the state generates the same amount of tax revenue it would have had it remained under the previous sales-tax system. Taxable sales of gasoline in California have fallen
BEST GAS PRICES?

Search map or by city or zip code for the lowest gas prices in your area.

A January study by the American Petroleum Institute listed California's gas taxes as second highest in the nation behind New York. After the July 1 tax increase, however, the 70.1 cents average tax per gallon will lead the nation.

Prices for regular gas in California are already among the highest in the nation. On Wednesday, the average price for a regular gallon of gas was $4.238, up from $3.69 a month ago. California's prices are second only to Hawaii, the Auto Club reported.


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#Geomagnetic_Storm#
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User ID: 1426914
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03/03/2013 02:39 AM

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Re: Itís official: California Gas tax going up
Dammit!!!
Anonymous Coward
User ID: 521503
United States
03/03/2013 02:44 AM
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Re: Itís official: California Gas tax going up
Go fill up with that over taxed gas and LEAVE that commie state!
#Geomagnetic_Storm#
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User ID: 1426914
United States
03/03/2013 02:47 AM

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Re: Itís official: California Gas tax going up
Go fill up with that over taxed gas and LEAVE that commie state!
 Quoting: Anonymous Coward 521503


:FlipperYeah:
Anonymous Coward
User ID: 28870983
United States
03/03/2013 03:17 AM
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Re: Itís official: California Gas tax going up
bump
Anonymous Coward
User ID: 35235791
United States
03/03/2013 03:19 AM
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Re: Itís official: California Gas tax going up
if the us econemy ever were to go south, yeah i know right? places like cali would be devestating places to be.

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