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North Carolina Reduces Fuel Tax Rate

North Carolina is reducing its tax rates for the period July 1, 2016 through December 31, 2016. The new rates are $0.34 per gallon which is a $0.01 per gallon decrease. This change is in line with North Carolina’s statute which sets the fuel tax at $0.34 per gallon effective July 1, 2016. July 16, 2016.  They had been sent to expire March 31, 2016.  The legislation to extend the tax rates was signed by the President on March 30, 2016