Monday, June 30, 2014

Maybe No One Will Notice...

The new fiscal year in Maryland starts on Tuesday, and that means gasoline prices are going up slightly, due to an increase in gasoline taxes, that were approved by the legislature last year.

Under the legislation, gas taxes would increase both based on the inflation rate, and on a foru year effort to phase in the state's six-percent sales tax on gasoline.

Part of that phase-in took effect on July 1, of last year, when the gas tax increased 3.5-cents-a gallon.

On Tuesday, the tax will go up by 4-tenths-of-a-cent per gallon, then the tax goes up about 8-cents a gallon in July of next year and July of 2016.

No comments: