Car registration, transit fares to increase under new law
WTOP's Max Smith
ANNAPOLIS, Md. (AP) -- Here is a glance at the estimated increases in gas prices to Maryland's current 23.5-cents-per-gallon excise tax under a measure approved by the General Assembly.
-- 1 percent sales tax in July and a half-penny index for inflation: 3.8 more cents.
-- Index for inflation on July 1, 2014: half a penny.
-- 1 percent sales tax increase on Jan. 1, 2015: 3.7 more cents.
-- 1 percent sales tax increase on July 1, 2015 and index for inflation: 4.1 cents.
TOTAL: 12.1 more cents.
If federal Internet sales tax legislation does not pass:
-- 1 percent sales tax increase Jan. 1, 2016: 3.6 cents more.
-- 1 percent sales tax increase on July 1, 2016 and indexing for inflation: 4.5 cents more.
TOTAL: 20.2 cents.
Source: Maryland Department of Legislative Services
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