The coming Kentucky gasoline tax increase may or may not be more justifiable than last month’s tax increases because the money goes directly to road repair and construction, but it is definitely a tax increase.
Taxpayers looking for details on HB 374, the gas tax increase bill, though, will find on the Legislative Research Commission web site the following. It states the bill has “no fiscal impact.”
House Bill 374 pretends that the average wholesale price of gasoline will never go below $1.786. I just filled up my tank for $1.69 in Nicholasville.
No word from the legislature if this causes any conflict with their silly price gouging law.