Sacramento – The California State Board of Equalization (BOE) will consider lowering the excise tax rate for gasoline by $0.075 for Fiscal Year (FY) 2015-16 during its February 24, 2015 meeting in Culver City.
Since 2010, the “fuel tax swap” law has required the Board to adjust this tax rate by March 1st of each year. If adopted, between July 1, 2015 and June 30, 2016, the excise tax rate on gasoline will be $0.285 per gallon. The current excise tax rate of $0.36 is in effect until June 30, 2015.The excise tax on gasoline pays for public road improvements and mass transit. In FY 13-14, the BOE collected nearly $5.8 billion for the Motor Vehicle Fuel Account, Transportation Tax Fund. Sales tax funds a variety of state and local programs.
First, Jerry wants to use Cap and Trade energy taxes to fund an energy inefficient train between LA and SF, via Fresno! Then he finds out cars are to energy efficient to fund his gas guzzler train, so he wants to tax them by the mile. Now we find that he wants to lower gas taxes on cars, but those taxes are already needed to fund his energy guzzling San Jose Light Rail.
WTF! Jerry Brown is simply off on bizarro land with no idea what energy taxes are all about.
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