2012 Senate Bill 918: Increase state fuel taxes - Michigan Votes
2012 Senate Bill 918: Increase state fuel taxes
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Introduced by Sen. Roger Kahn (R) on January 26, 2012, to replace the current 19-cent per gallon gas tax and 15-cent diesel tax with a 10.1 percent wholesale fuel tax (subject to various adjustments), which would initially be levied at an effective rate of 28.3 cents per gallon.
This would extract an additional $541 million from motorists each year, or more if the price of fuel increases (up to 40-cents per gallon would be allowed, and a minimum of 28.3 cents per gallon).
This would be phased in gradually at an annual rate of increase of 1-cent per gallon.
This is part of Gov. Rick Snyder’s road and transit tax proposal. Referred to the Senate Appropriations Committee on January 26, 2012.
Michigan currently has the 5th highest total state taxes on gasoline at 39.4 cents/gal:
http://taxfoundation.org/taxdata/show/26079.html
The new tax offers the possibility of more than double our current rate.
Is our problem that we don't pay enough in taxes...or is it that our state government spending and growth is out of control?
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