Loading streams...
Now Playing
Connect with Us
Podcasts & RSS Feeds
| All Content |
| RSS |
| View all podcasts & RSS feeds | ||
Most Active Stories
- Poll Shows Major Support for Medical Marijuana in Kentucky
- MSU's Dunn Selected to be Youngstown State's Next President
- Boating Accident on Kentucky Lake Kills Fisherman
- Recurring Trials for an Iranian Family – A Microcosm of the Persecution of the Baha’is in Iran
- Datebook: May 10 - Anna Jarvis Leads First Mother's Day 105 Years Ago
Taxes
9:01 am
Fri June 15, 2012
Gas Tax on the Rise
By Associated Press
Gas taxes are headed up this summer in the commonwealth. On July 1st, Kentucky’s gas tax will increase 2.1 cents per gallon.
That means motorists will be paying nearly 30 cents in state taxes for each gallon they purchase. The increase is automatic because Kentucky's tax is tied to the average cost of wholesale gas, which has been rising. Kentucky Transportation Cabinet spokesman Chuck Wolfe told The Courier-Journal the increase is expected to generate about $57 million dollars next year for the state Road Fund. The state's gas tax has increased more than 80 percent since 2003. When added to the federal tax, 18.4 cents per gallon, drivers pay a total tax of 48.3 cents for each gallon of gas purchased.
Tags:
