Bill would raise Ky.'s motor fuels tax rate

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News,Business,Transportation,Kentucky,Texas

FRANKFORT, Ky. (AP) — Kentucky's motor fuels tax would rise under a revenue bill that has cleared a House committee.

The higher tax rate would help finance transportation projects statewide.

Under the bill approved Tuesday, the tax at the pump would increase 1.5 cents a gallon above the current quarterly rate.

The bill would restore the fuels tax to the higher rate in effect at the end of last year.

The increase would generate tens of millions of dollars in extra revenue for road work.

For decades, the gas tax has been tied to the average wholesale price of motor fuels.

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The legislation is House Bill 445.

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