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Old 09.11.2009
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California special panel considers sharp fuel tax increase

California special panel considers sharp fuel tax increase
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In addition to restrictive port rules, idling enforcement and equipment upgrades, truckers in California soon could have another headache on their hands. A bipartisan panel is considering a proposal to increase the state’s excise tax on motor fuels by nearly 20 cents.

The fuel tax proposal is one of several options drawing consideration by the Commission on the 21st Century Economy. The group was formed to determine how best to reduce the volatility in state revenues and then to report to Gov. Arnold Schwarzenegger.

The commission is made up of 14 members. Half of the members were appointed by Schwarzenegger, a Republican, while the rest were appointed by the Democrat-led Legislature.

Among the options getting attention by the commission are simplifying the personal income tax, and eliminating the corporate income tax and replacing it with a business net receipts tax, which would be lower but would affect more businesses.

more here>> California special panel considers sharp fuel tax increase
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Old 09.11.2009
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