Source: Bruce Siceloff and Craig Jarvis, News & Observer, March 18
In 2007 when gas prices were climbing this high, this fast, the General Assembly put a cap on the state tax paid on every gallon to stop it from rising above 29.9 cents. Then in 2009 the tax ceiling was converted to a floor, a tax minimum. Since then, the tax rate has risen to 32.5 cents. Now there's legislation to convert the current rate to a ceiling again, to keep the tax from rising further. Click Here for More.
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