Motor fuels taxes actually. You've probably paid some also. You may have noticed the sticker on the pump. It tells how much is taxes in the federal and state levels
- Federal Tax: 18.4 cents per gallon
- Texas Tax: 20 cents per gallon.
These are deposited in funds earmarked for highway construction and maintenance.
We will discuss both when we talk about government finance.
- Federal Tax: 18.4 cents per gallon
- Texas Tax: 20 cents per gallon.
These are deposited in funds earmarked for highway construction and maintenance.
We will discuss both when we talk about government finance.
- Wikipedia: Fuel taxes in the United States.
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. Proceeds from the tax partly support the Highway Trust Fund.
- Wikipedia: Highway Trust Fund.
The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes.[1] It currently has two accounts, the Highway Account funding road construction and other surface transportation projects, and a smaller Mass Transit Account supporting mass transit. Separate from the Highway Trust Fund is the Leaking Underground Storage Tank Trust Fund, which receives an additional 0.1 cents per gallon on gasoline and diesel, making the total amount of tax collected 18.5 cents per gallon on gasoline and 24.5 cents per gallon on diesel fuel. The Highway Trust Fund was established in 1956 to finance the United States Interstate Highway System and certain other roads. The Mass Transit Account was created in 1982.
- Texas Comptroller: Texas' Motor Fuels Taxes.
Texas motor fuels taxes generated more than $3.4 billion in fiscal 2015, making them the fourth-largest source of state tax revenue. Nearly all states, including Texas, use the bulk of this revenue for transportation projects. Under the Texas Constitution, after refunds and collection costs are subtracted, three-quarters of the state’s motor fuels tax revenue is used to build and maintain public roadways. The remainder goes to the state’s Available School Fund, which supports public education.
- Tax Foundation: Gas Tax.
A gas tax is commonly used to describe the variety of taxes levied on gasoline at both the federal and state levels, to provide funds for highway repair and maintenance, as well as for other government infrastructure projects. These taxes are levied in a few ways, including per-gallon excise taxes, excise taxes imposed on wholesalers, and general sales taxes that apply to the purchase of gasoline.
- TAMU: Gas Tax Facts.
- Sunset Review Commission: Texas Department of Transportation.
- Sunset Review Commission: Texas Department of Licensing and Regulation.
