Home » Latest News
Filter by category:

Missouri Voters Will Decide 10 CPG Fuel Tax Increase

 

SaferMO.com is proposing a 10 cpg motor fuel tax increase to “fund the Highway Patrol”. The tax rate, if adopted in November by the voters of MO, would be phased in as follows: 17 cpg through 6/30/19; 19.5 cpg 7/1/19 through 6/30/20; 22 cpg 7/1/20 through 6/30/21; 24.5 cpg 7/1/21 through 6/30/22; and finally, 27 cpg 7/1/23 and after. The increase would raise $400 million annually when fully phased in and close the gap between Iowa and Missouri fuel excise taxes. Today Iowa’s gasoline taxes are 13+ cpg higher than Missouri’s and Iowa’s diesel taxes are 15+ cpg higher than Missouri.

Interestingly, in 2026, Missouri plans to start taxing all motor fuels the same (gasoline, diesel, electric, hydrogen, propane, and natural gas (CNG and LNG)). The Departments of Agriculture and Revenue will be charged with promulgating rules to implement this policy change, if the voters approve the tax increase. 

Fuel State Tax

RINAlliance Seneca Companies LMC Insurance & Risk Management EMC Insurance Unified Contracting Services Renewable Energy Group Altria PMMIC Insurance McGowen, Hurst, Clark & Smith PC Federated Insurance Community Oil Company Valero Cylinder Express Molo Petroleum Iowa Lottery Growmark Energy Sinclair Heartland Payment Systems Farner-Bocken Company a Division of Core-Mark Shell Central Bank Wellmark Solar Transport Acterra Group Phillips 66 Land Mark Products Keck Energy Flint Hills
PMCI Facebook PMCI Twitter PMCI LinkedIn
Home   |    About PMCI   |    Site Map   |    Privacy   |    Contact Us   |    ©2017 PMCI, All Rights Reserved
10430 New York Ave., Suite F, Urbandale, IA 50322-3773   |    P. 515.224.7545   |    F. 515.224.0502
Home
About PMCI
Site Map
Privacy
Contact Us
10430 New York Ave., Suite F, Urbandale, IA 50322-3773
P. 515.224.7545
F. 515.224.0402
©2017 PMCI, All Rights Reserved