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South Carolina: Lawmakers override veto and pass a gas tax increase

As promised, the South Carolina legislature overrode Gov. Henry McMaster’s veto and passed H3516, the Infrastructure and Economic Development Reform Act, 32 to 12. Thus, effective on July 1, 2017, and then annually on July 1 until 2022, motorists will be subject to a new gas tax of 2 cents per year, for a total of 12 cents by 2022. All of the revenue is to be separated from the general fund, and deposited into either the State Highway Fund, the State Non-Federal Aid Highway Fund, or the Infrastructure Maintenance Trust Fund. The current rate is 16.75 cents per gallon, which puts the Palmetto state’s gas tax at the second lowest, behind only Alaska, whose state gas tax is 12.25 cents.

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