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* USA - Colorado transportation panel proposes tax and fee increases
A special panel in Colorado is calling for five tax and fee increases to help pay for transportation projects throughout the state
COL,USA -The Rocky Mountain News/Land Line Magazine, by Keith Goble -November 26, 2007: -- The Blue Ribbon Transportation Commission appointed by Gov. Bill Ritter has decided the state should raise $1.5 billion a year for roads and transit. The group recommended the state boost a combination of fees and the fuel, sales and severance taxes... Commission members are calling for a 13-cent-per-gallon increase in the state’s fuel tax rates and a provision to allow it to increase annually with inflation. Currently, the diesel tax is 20.5 cents-per-gallon and the gas tax is 22 cents-per-gallon... Another option being touted is to increase the sales and use tax by about one-third of a cent and boost the natural resources severance tax on companies that extract minerals from the ground by 1.7 percent. Increasing vehicle registration fees by $100 a year also has been suggested...
Labels: taxes policy
posted by Unknown @ 7:56 AM
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