The North Carolina Department of Revenue (DOR) Nov. 27 announced that the motor fuels and alternative fuels excise tax rate will decrease from 40.4 cents to 40.3 cents per gallon or gallon equivalent for the period of Jan. 1, 2025, through Dec. 31, 2025. The inspection tax will remain at 0.0025 cents per gallon or gallon equivalent, and the motor fuels tax rate is set by the Secretary of Revenue in accordance with North Carolina General Statute 105-449.80. [N.C. Dep’t of Revenue, Press Release, 11/27/24]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.