Indiana gasoline taxes dropping 5 cents per gallon next month

Indianapolis, AP – Indiana’s state gasoline taxes will be reduced by about 5 cents per gallon beginning next month, the first significant reduction since reaching record highs in the spring due to a nationwide surge in pump prices.

US News reported, “A total of 57 cents per gallon in state taxes will be charged during September under rate changes released Wednesday by the Indiana Department of Revenue. That tax rate will be 5.4 cents less than August’s record-high rate of 62.4 cents, a fluctuation that comes as Indiana’s 7% sales tax on gasoline is calculated monthly along with a set tax directed to road projects.” The September gas sales tax of 24 cents per gallon is double the rate from early 2021. The road projects tax went up by 1 cent per gallon in July to 33 cents under an automatic increase for inflation allowed under a 2017 plan pushed by Republicans. Click here to read the full story.