NC Motor Fuels Tax Could Go Up In Senate Bill

North Carolina's gasoline tax could go up under a bill moving through the Senate.

Senators voted 34-12 Thursday to require that the motor fuels tax be no less than the current 29.9 cents per gallon through mid-2011.

The tax historically has been readjusted twice a year based on
the wholesale price of gasoline. The Legislature agreed in 2006 to
cap the rate at no more than 29.9 cents following high gas prices
after Hurricane Katrina.

Bill sponsor Sen. Clark Jenkins of Edgecombe County said creating a floor for the tax will provide more road-building funds.

The change could generate an additional $67.5 million because the
tax would be higher than what is projected under the current law because gas prices are relatively low.

A final Senate vote could come next week.

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