Rhode Island Plans Gas Tax Increase, July 2015
- Fuel Tax News
- Nov 17, 2014 | Gail Cole
If you’re escaping the November cold by daydreaming of summer vacations, bear in mind that the gas tax in Rhode Island is set to increase on July 1, 2015.
The gas tax increase is part of the 2015 Budget, approved by Governor Lincoln D. Chafee in June. It replaces the toll on the Sakonnet River Bridge, which permanently expired on July 1, 2014.
Already Rhode Island has a relatively high gasoline tax—the 14th highest in the nation. According to the nonpartisan research organization, The Tax Foundation, the 1-cent gas tax will set the gasoline tax at 32 cents per gallon, at least. It will be indexed to rise along with inflation every other year. Revenue generated by the tax will help fund bridge maintenance and other transportation infrastructure.
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