Tag Archives: Revenue Act of 1932

Tits and Bits of Gasoline Tax Laws

Welcome back truckers and Commercial Motor Carrier owners to our blog. We’re highly esteemed to sustain your interest level since the day we have entered the world of taxes. Last week, we discussed about the differences between gas tax and mileage tax, today we will share a post regarding gasoline tax law and its functionality.

We all know that there are many commodities, which a consumer uses and they pay a portion of tax to generate revenue for federal and state governments and gas is one among the list. Gasoline tax is considered as used or sales tax, paved their way three whole decades after automobiles first arrived in the market and been around for most of the modern memory. Continue reading