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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 ...
Petrie-Norris said the $400 tax rebate figure was used because it equals the amount a typical Californian pays in state excise taxes on gasoline per year. She said California drivers on average ...
H.D. Palmer, a spokesperson for the California Department of Finance, pointed to $750 million in Newsom's proposal that would offer Californians free public transit fares for three months in ...
The lawmakers said the $400 sum would cover the current 51 cents-per-gallon gas tax for one full year calculated on one trip to the pump per week for most vehicles. That plan would cost the state ...
State Taxes. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [ 1][ 2] Proceeds from the tax partly support the Highway Trust Fund. 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.
How and When MCTR Payments Will Be Made. First, Californians who received Golden State Stimulus (GSS) I or II are expected to receive MCTR direct deposit payments between Oct. 7, 2022, and Oct. 25 ...
California Proposition 6 was a measure that was submitted to California voters as part of the November 2018 election. The ballot measure proposed a repeal of the Road Repair and Accountability Act (a fuel tax ), which is also known as Senate Bill 1 (SB 1). The measure failed with about 57% of the voters against and 43% in favor. [ 2][ 3]
California drivers are currently paying the highest gas prices in the nation — at $6.30 per gallon as of the morning of June 28 — compared to a national average of $4.88, according to ...