How does the average increase in the retail sales price of gasoline affect the tax increase?
This is known as the sales and use tax equivalent rate increase. However, it is not a sales tax but an increase to the motor fuel tax.
Again, this increase will be computed by the Comptrollerís Office. The Comptrollerís Office will determine the average annual retail price of regular unleaded gasoline, excluding federal and state taxes. The sales and use tax equivalent rate will be determined by multiplying the average annual retail price by the applicable percentage rate. This percentage varies each year until 2017 when it remains at 5%.