Business
12:18 pm
Fri June 21, 2013

Fuel taxes to rise next month in Nebraska

LINCOLN, Neb. (AP) — Nebraskans will have to pay more taxes on every gallon of fuel sold in the state starting in July.

The state Revenue Department says the tax will increase to 26.3 cents per gallon in July from the current 24.6 cents.

The fuel tax generates money to fund highway projects and maintenance. Each cent of motor fuels tax generates about $12 million in revenue annually for the state.

The new rate will be in effect from July 1 to the end of the year, and then it will be reset in January.

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