- 27 Jun
Gas tax changes ahead for California and Indiana
As reported by CSPNet.com, gas taxes will change in California and Indiana on July 1.
In California, the excise gas tax will drop $0.035 per gallon from $0.395 to $0.36 per gallon for the 2014-2015 fiscal year, ending June 30, 2015.
In Indiana, the state will be switching from a prepaid sales tax on gasoline, which was collected from retailers, to a gasoline-use tax based on a rolling monthly statewide average that is collected from distributors. The tax rate could change from month to month depending on the average price for gasoline. For the month of July 2014, the tax will be $0.229 per gallon.
From a fuel price management perspective, it’s critical that all your fuel pricing systems can be quickly adjusted to adapt to the new taxes. PriceAdvantage is built with this kind of flexibility in mind, allowing you to make these tax changes to your system without having to call in expensive consultants and pay them to open the hood and make the changes.
Does the fuel pricing software you have make it easy to change tax rates?