Ohio lawmakers reach budget deal with fuel tax increases

[gearjammer]

Drivers would pay 10.5 cents a gallon more for gas and 19 cents a gallon more for diesel fuel

 

[Gdjjr]

Drivers would pay 10.5 cents a gallon more for gas and 19 cents a gallon more for diesel fuel

It's just money

 

[ironpony]

If you pay your own IFTA tax you get back any overpayment. Honestly, the roads in Ohio are bad enough I'd rather the tax rates were raised to repair the damage.

 

[Mike]

At 6mpg, the Increased tax cost to drive a truck in Ohio just increased by just over .03/mile.

 

[Mike]

A two-year transportation budget deal reached Tuesday at the Ohio statehouse will raise another $865 million annually via state fuel tax collection.

House lawmakers voted 70-27 to approve the budget that includes increases to the state’s 28-cent fuel tax rate. The Senate followed suit on a 22-10 vote. Passage of HB62 in the chambers followed work over the past week from a select group of legislators from the House and Senate to hammer out differences in the proposed budget.

The version of the transportation budget sent to Gov. Mike DeWine’s desk will increase the gas tax by 10.5 cents to 38.5 cents. The diesel rate will increase by 19 cents to 47 cents per gallon.

Ohio lawmakers reach budget deal with fuel tax increases

 

[ironpony]

At 6mpg, the Increased tax cost to drive a truck in Ohio just increased by just over .03/mile.

Unless the IFTA rate changes, there will be zero difference to your costs. There is currently no change in the 3rd quarter tax matrix.

 

[Electric Chicken]

And Tesla stock just went up.

C'monnnnnnnnnnn battery powered truck!

 

[Gdjjr]

And Tesla stock just went up.

C'monnnnnnnnnnn battery powered truck!

Careful what you wish for- godvernment WILL get it's cut.

 

[gearjammer]

they did in Ohio electric vehicles will now pay 200.00 a year and hybrids 100.00

 

[Electric Chicken]

Nice to see f*cking the constituents is a bipartisan effort...

 

[Rigjockey]

they did in Ohio electric vehicles will now pay 200.00 a year and hybrids 100.00

Yup. Soon as they get enough electric vehicles on board they will be taxing thier miles travelled since they can't tax the fuel.

 

[mndriver]

The diesel rate will increase by 19 cents to 47 cents per gallon.

Unless the IFTA rate changes, there will be zero difference to your costs. There is currently no change in the 3rd quarter tax matrix.

It will at the state you file most likely. If not this quarter, then next. But they will definitely change it.

 

[ironpony]

It will at the state you file most likely. If not this quarter, then next. But they will definitely change it.

Looks to be Q4 at the earliest. OH roads suck.

 

[mndriver]

Nothing like trying to catch up on a lost $30,000,000,000+ revenue stream.

And considering most states average about what the federal rate is, probably closer to $60,000,000,000 in road revenue.