North Carolina motor fuels tax slated to drop - WRBL

North Carolina motor fuels tax slated to drop

Posted: Updated:
RALEIGH, N.C. -

North Carolina's motor fuels tax is about to fall, but the change amounts to a drop in the bucket.

The tax for gasoline, diesel, and alternative fuels will decrease from 37.6 cents to 37.5 cents per gallon for the period from Oct. 1 through Dec. 31.

A statement from the N.C. Department of Revenue said the tax rate is computed using a flat rate of 17.5 cents per gallon and a variable wholesale component, either 3.5 cents or 7 percent of the average wholesale price of motor fuel during the preceding six months, whichever is greater.

North Carolina legislators passed a measure which went into effect in July and caps the motor fuels tax rate at 37.5 cents per gallon effective Oct. 1.

Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.