State Proposes 21 Percent Gas Tax Cut

The Board of Equalization released a proposal on Friday to reduce the per-gallon tax Californians pay on regular gas by 7.5 cents per gallon, a 21 percent cut from the current 36-cent excise tax. The new rate of 28.5 cents per gallon could be approved Feb. 24 and take effect July 1, the start of the 2015-16 fiscal year. Californians will still pay some of the highest gas taxes in the nation, based on sales tax, federal taxes, and other fees.