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The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023. On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 ...
Vehicle insurance in the United States. Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage.
A vehicle miles traveled tax, also frequently referred to as a VMT tax, VMT fee, mileage-based fee, or road user charge, is a policy of charging motorists based on how many miles they have traveled. It has been proposed in various states in the United States including Illinois who are currently following through with implementing this tax, and ...
The General Assembly’s new state budget takes a few more steps to reduce North Carolina’s reliance on the gas tax. ... Of the 8.7 million registered vehicles in North Carolina in August, only ...
Two sets, or tiers, of emission standards for light-duty vehicles in the United States were defined as a result of the Clean Air Act Amendments of 1990. The Tier I standard was adopted in 1991 and was phased in from 1994 to 1997. Tier II standards were phased in from 2004 to 2009. Within the Tier II ranking, there is a subranking ranging from ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
The North Carolina Division of Motor Vehicles is the division of the North Carolina Department of Transportation (NCDOT) which oversees driver licenses and vehicle registrations within the state of North Carolina, USA. [1] The North Carolina Department of Motor Vehicles was created by the North Carolina General Assembly in 1941. [2]
The Federal Bridge Gross Weight Formula, also known as Bridge Formula B or the Federal Bridge Formula, is a mathematical formula in use in the United States by truck drivers and Department of Transportation (DOT) officials to determine the appropriate maximum gross weight for a commercial motor vehicle (CMV) based on axle number and spacing.