This week, we’re taking a look at the roadside assistance fuel tax.
The tax, which goes into effect this month, is a revenue-generating measure that helps the state fill the coffers of local governments in an effort to provide more services.
The law goes into force on January 1.
Here’s what you need to know about the fuel tax and how it affects you.
How does the fuel taxes work?
The state is able to collect a $1.2 million fuel tax on gasoline purchases that are made at gas stations and other places of retail or wholesale distribution.
The total tax on gas comes to about $7.4 million in 2017.
The federal government, which collects the fuel-tax revenue, pays a portion of the state’s portion.
That means that the federal government has to give about $2.4 billion in tax revenue to the state.
If that amount doesn’t cover the fuel costs of every household in the state, then the state can pass the costs onto the consumer.
So, if you pay for gas through your car or your cellphone, the state will be responsible for paying a portion.
How do I pay the fuel?
The fuel tax is not a federal or state sales tax.
It applies to the sale of all types of gasoline, including biodiesel, methanol, kerosene, propane, and other natural gas.
It is the only excise tax that the state collects, and it is assessed by the state instead of the federal Government.
The state then collects the tax from the retail purchaser of the gasoline and the wholesale purchaser of gasoline.
The retail purchaser then passes the taxes to the wholesale consumer.
The wholesale consumer then pays the state a portion that’s collected through the tax.
How much is the fuel taxed?
Fuel tax is assessed at the retail consumer, not the wholesale buyer.
Retail consumers have a higher fuel-pricing burden because they need to buy gasoline more often, so they pay more, and the amount they pay is a more accurate measure of the fuel price than wholesale pricing.
However, the retail tax doesn’t apply to fuel sold at a wholesale dealer.
The fuel taxes that go to the gas distribution companies are assessed separately by the Department of Revenue, which oversees the state tax collection.
The difference between the two amounts is determined by a formula that takes into account inflation.
What are the fuel rebates?
Rebates are money that can be spent on rebates that are given to customers who have purchased a qualifying vehicle that meets the state requirements.
Rebates range from a nominal amount of $10 to $100.
They also include a credit of $5 for each additional qualifying vehicle purchased in the same calendar year.
What’s the difference between a gasoline-based tax and a diesel-based fuel tax?
A gasoline- based fuel tax has a fixed amount that you can spend.
A diesel- based tax has no fixed amount you can use to pay.
The gasoline tax is designed to pay for a particular fuel, but diesel- fuel taxes have a fixed rate that you have to pay each year.
A gasoline tax that applies to a specific fuel is a fixed percentage of the value of the fuels you consume.
A fuel-based diesel-tax is different.
It has a variable amount that can change based on how the market changes.
A tax that doesn’t have a rate can be used to offset the cost of fuel.
The diesel tax has an automatic refund period that’s based on the amount of fuel consumed in a calendar year and a certain percentage of fuel consumption.
What is the difference in the fuel prices for gas and diesel?
The prices of gasoline and diesel are generally about the same.
For diesel fuel, the prices vary by a small amount.
The amount of the diesel tax that goes to the distribution companies can affect how much money is collected.
The gas tax, on the other hand, has a higher rate for diesel fuel than gasoline fuel.
What if my household has a small vehicle and is making less than $50,000 a year?
A small vehicle is defined as a vehicle with a gross vehicle weight rating of less than 2,000 pounds and less than 10,000 miles on a single tank.
A family of three is considered a household.
If a household is making $50 or less, then their monthly fuel tax payment will be reduced by $50.
If they make $50-plus, their monthly tax payment is increased by $100, or $200.
The rate for small vehicle owners is $10 per month, and for family of four or more, $25 per month.
How can I find out how much my taxes will be going toward?
The first thing you need is to calculate your tax payment.
You can do that by clicking on the “More Information” button in the top right of this page.
The “Calculate Your Tax Payment” form will provide you with your current tax payment amount, estimated monthly payment