Aaaaaaaaaand the “conservative revolution” rolls on. Rep. John Torbett (R-Stanley) introduced HB 927 that whacks the gas tax down to size but jacks up all kinds of fees for North Carolina drivers and taxpayers. Here are some of the, um, “highlights”:
- […] ? Cut the gas tax from 36 cents a gallon to 30 cents starting July 1 until January 2017. (The legislature voted in March to drop the tax in several steps to 34 cents during that period.) Starting in 2017, the tax would be expected to rise slowly according to a new formula that tracks state population growth and national energy inflation rates.
- Increase the state’s highway use tax on car sales, now 3 percent, to 4 percent in January 2016.
- Increase the tax on car rentals, from 8 percent to 9 percent on short-term rentals and from 3 percent to 4 percent on long-term rentals.
- ? Phase out over four years the transfer of $255 million in gas tax collections and other Highway Fund money to the General Fund, which is for non-transportation purposes. This proposal matches language in a Senate bill.
- Increase Division of Motor Vehicles fees for a long list of licenses, permits, titles and registrations. The annual car registration fee would rise from $28 to $42.
- Increase fees for trucks and fees charged by weight for property-hauling vehicles.
- Introduce a new 6.5 percent tax collected on automobile insurance premiums
- Make additional increases in gas and highway use taxes that would be triggered if federal transportation funds to North Carolina are sharply reduced. […]