The North Carolina Department of Revenue (DOR) announced Dec. 11 that the motor fuels and alternative fuels excise tax rate for the period of Jan. 1, 2024 through Dec. 31, 2024 will decrease from 40.5 cents to 40.4 cents per gallon or gallon equivalent. The DOR also announced that the inspection tax will remain at .0025 cents per gallon or gallon equivalent. [N.C. Dep’t of Revenue, Memorandum: To Motor Fuels and Alternative Fuels Licensees, 12/11/23]
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