Tax watch North Carolina, via WRAL: Law…

Tax watch North Carolina, via WRAL:

Lawmakers gave final approval Monday night to change North Carolina’s gasoline tax, three years after their decision to cap the tax pleased motorists but sent road-building revenues nearly a half-billion dollars lower than projected. The bill passed the House by a 64-52 vote and is likely to be signed into law by Gov. Beverly Perdue. It would mean taxes at the pump won’t go down 2 cents a gallon to 27.9 cents on July 1 as expected under current law.

The change would turn a cap on the gasoline tax at 29.9 cents per gallon into a floor – meaning it could go no lower than 29.9 cents through the middle of 2011.

Even more reason to fuel up south of the border.