Staff report
INDIANAPOLIS — June 19, 2023
The Indiana state government announced Monday that the gasoline use tax for Hoosiers and visitors passing through the “Crossroads of America” who buy gas will climb to 20.5 cents per gallon starting July 1.
With these changes, Indiana drivers will be paying a combined state and federal tax of 72.9 cents per gallon for gasoline, effective from July 1, 2023.
https://www.in.gov/dor/files/dn02.pdf
Indiana’s gasoline excise tax is also rising to 34 cents per gallon.
State Republican lawmakers approved the extension of the annual once-cent increase earlier this during this year’s session. Tax increases will continue until 2027.
The use tax on gasoline in Indiana has been every month rising over the past five months. Since February, it has increased by 3.3 cents per gallon.
The following is a breakdown of the Indiana gasoline use tax rates from January 1, 2023, through July 31, 2023:
- January 1, 2023 – January 31, 2023: 19.9 cents
- February 1, 2023 – February 28, 2023: 17.2 cents
- March 1, 2023 – March 31, 2023: 18.6 cents
- April 1, 2023 – April 30, 2023: 19.0 cents
- May 1, 2023 – May 31, 2023: 20.3 cents
- June 1, 2023 – June 30, 2023: 20.4 cents
- July 1, 2023 – July 31, 2023: 20.5 cents
Indiana ended its fiscal year in 2022 with a 6.1-billion-dollar budget surplus:
https://www.in.gov/sba/files/Surplus-Statement-FY22-Close-Out.pdf
