NC House Interested In Capping Gasoline Tax

The North Carolina House is interested in capping the gasoline tax for the first half of 2012.

Two House committees approved Monday a bill keeping the state motor fuels tax at 35 cents per gallon through June 30. The gas tax is recalculated automatically twice annually based on a formula linked to wholesale gas prices. The Legislature's nonpartisan fiscal staff estimates the tax would grow to nearly 39 cents without a cap.

Republicans supporting the cap said it would give relief to the public while promoting accountability within the Department of Transportation. The bill would direct a study of the DOT tax structure. Opponents said the cap would mean $96 million less for road projects, maintenance and DOT programs.

The full House was expected to consider the measure Monday evening.

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