Wednesday, July 9th, 2008
Gas Excise Tax Doesn't Mean Big Dollars For Hoosiers
Last updated on Thursday, May 15, 2008
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(INDIANAPOLIS) - Soaring prices at the pump don’t necessarily lead to big bucks in taxes to the state of Indiana.
The state's gas excise tax is a fixed 18 cents on every gallon of gas. Even as prices go up, the tax remains the same.
So far this fiscal year, gas consumption is down about 3%, costing the state about $12 million dollars.
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