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Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
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KY Motor fuels tax rate to decline by 1.5 cents per gallon New rate effective January 1, 2014. Reflects drop in average wholesale prices of gasoline, diesel, ethanol By Chuck Wolfe Office of Public Affairs FRANKFORT, Ky. (December 19, 2013) - Kentucky's "gas tax" on sales of gasoline, diesel and ethanol motor fuels will decrease by 1.5 cents per gallon on New Year's Day, reflecting a drop in the calculated average wholesale fuel price. The decrease would result in a loss to the Kentucky Road Fund of about $45 million on an annualized basis. "The Road Fund is our source of revenue for building, improving and maintaining Kentucky roads and bridges, so any loss of revenue is concerning," Kentucky Transportation Secretary Mike Hancock said Thursday. The tax on motor fuels is a classic user fee, paid by those who use public highways and bridges. It has three components:
The excise tax was enacted in 1920. But in the 1980s, the Kentucky Legislature provided for a variable excise tax as a percentage of average wholesale price (AWP) of gas and diesel. The variable excise tax rises, falls or stays unchanged from quarter to quarter on the basis of a survey of AWP of motor fuels. The survey is conducted by the Department of Revenue in the first month of each quarter (January, April, July and October) and the change in rate - if any - takes effect on the first day of the first month of the following quarter. For purposes of the excise tax rate, the amount of any increase in the AWP is capped at 10 percent, per year. By virtue of the October 2013 survey, the state variable excise tax will decline by 1.5 cents per gallon on January 1, 2014 - to 24.4 cents per gallon from 25.9 cents. The last decrease in the excise tax was in October 2010. This story was posted on 2013-12-19 13:59:04
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Adair Co. Board of Education office announces holiday closings Follow up to 'An Amazing Night,' a turning point in Adair History 10th Annual Living Christmas Tree program is Dec 20 & 22, 2013 Remembering Peter Arnett: Wonderful man with huge heart Adair Recycling Center is now taking glass Kentucky Afield Outdoors: Gun maintenance time Heirline Gospel Group at Cane Valley Baptist, Dec. 29, 2013 Blue Raiders defeat Martin Methodist, 74-73 in triple overtime First General Baptist will celebrate a name change service First General Baptist will hold Christmas Eve candlelight service View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
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