The tax on gas and diesel fuel in the state of New Hampshire will increase by four cents starting July 1. The decision was made when Gov. Maggie Hassan signed off on a transportation-funding bill back on May 21 2014.
The tax increase is expected to raise an additional $30 million annually for infrastructure improvements. These improvements will include such things as resurfacing and reconstruction of New Hampshire highways and interstates, including secondary roads and bridges.
The widening of Interstate 93 is one of the states top priorities with this new bill. Interstate 93 is a major trucking route for bringing goods and services into New Hampshire. It’s one of the economic lifelines in the state.
This is our first gas tax increase since 1991 and New Hampshire still boasts to lowest tax cost of the New England States. The Governor also assures that the increase is essential for the success of New Hampshire’s citizens and businesses.
If you need legal council in the state of New Hampshire don’t hesitate to give Peter McGrath and the experienced lawyers over at McGrath Family Law a call today!