BOE Considers Lowering Gasoline Excise Tax Rate for Third Year in a Row

The California State Board of Equalization (BOE) will consider lowering the excise tax rate for gasoline by 2.2 cents for Fiscal Year (FY) 2016-17 during its February 23, 2016 meeting in Culver City. If adopted, the excise tax rate on gas will be 27.8 cents per gallon from July 1, 2016 through June 30, 2017. The current excise tax rate of 30 cents per gallon remains in effect until June 30, 2016. California drivers pay two types of state taxes on gas: sales tax, which is a percentage of the price and a per-gallon excise tax. Before AB x8 6

More Californians Hitting the Road: 2014-15 Gasoline Consumption Increase Largest in More Than a Decade

California State Board of Equalization (BOE) Chairman Jerome E. Horton recently announced gasoline consumption in the state rose 2.4 percent during fiscal year (FY) 2014-15, the largest yearly increase since FY 03-04 (increase of 2.6 percent). The rise in fuel consumption signals a strengthening California economy, with cheaper gas prices encouraging more vehicle travel. “The increase in gasoline consumption is consistent with California’s dip in unemployment to 5.7 percent in 2015 and demonstrates that lower gasoline prices are good for the economy and family road trips,” said Chairman Horton. Californians consumed 14.921 billion gallons of gasoline in FY 14-15, a