Indiana Governor Addresses Diesel Fuel Costs and Tax Relief
What happened
Diesel fuel surpassed $6 a gallon for the first time in U.S. history. Governor Mike Braun stated that the state's tax suspensions do not apply to diesel purchases because diesel is typically used by businesses, not households. The state has suspended the 7% gasoline use tax and the 37-cent excise tax since May following an energy emergency declaration.
From journalgazette.net
Why it matters
The situation highlights the impact of rising fuel prices on consumers, particularly those using diesel. The current tax policy structure means that diesel owners are not benefiting from the state's suspended gasoline use tax and excise tax, despite the recent price spike.
From journalgazette.net
Who's involved
- Mike BraunGovernor of Indiana, addressing state tax policy
- IndianaThe state where the tax policies are implemented
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Indiana Department of RevenueSpeculative
The Indiana Department of Revenue might see changes in its tax collection mandate if diesel tax policy shifts.
- Indiana Department of TransportationSpeculative
The Indiana Department of Transportation could see changes in its fuel tax revenue stream due to the diesel exclusion.
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The entities involved
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Indiana
state of the United States of America
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Mike Braun
American businessman and politician (born 1954)
Related events
- Governor extended tax filing deadlines for disaster victims in Indiana.
- Indiana state provides financial infusions to cover gas tax losses.
- Mike Braun's gas tax holiday policy and INDOT's management of state road spending in Indiana.
- Governor Braun directs the state aid program in Indiana, likely related to a declared emergency or disaster.
- Mike Braun touted tax reform legislation in Indiana.