Neb. fuel tax will increase slightly in January - News, Weather and Sports for Lincoln, NE;

Neb. fuel tax will increase slightly in January

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Posted by: KLKN Newsroom,

(AP) The amount of taxes Nebraskans pay on every gallon of fuel they buy will increase only slightly in January.

The state Revenue Department says the tax will increase to 26.4 cents in January from the current 26.3 cents.

The fuel tax generates money to fund highway projects and maintenance. Each cent of motor fuels tax generates about $12 million in revenue annually for the state.

The new rate will be in effect from January 1 to June 30. It will be adjusted in July, if necessary.
In the previous fiscal year, the state fuels tax raised more than $306 million for projects.

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