SERVING THE ON-LINE RPI COMMUNITY SINCE 1994 SEARCH ARCHIVES Current Issue: Volume 130, Number 1 July 14, 2009 RIB RIB Posted 09-07-2005 at 12:58PM Skip to Gas tax changes sought Lighting the highways E-Mail for Life changes Gas tax changes sought With the price of gas fluctuating well above the $3 mark, government officials across New York State, as well as in Troy, have sought relief in the form of a suspension of the state sales tax on gas for lower and fixed income residents who may be most impacted. On Thursday, the Troy City Council unanimously passed a resolution asking the state legislature to suspend the four percent sales tax on gasoline. Aside from the four percent local tax there are federal and state excise taxes. Altogether, taxes constitute 31 percent of the price of gas, distribution and marketing cost 13 percent, refining costs 13 percent, and crude oil is about 43 percent. Next » Posted 09-07-2005 at 12:58PM Copyright 2000-2006 The Polytechnic Comments, questions? E-mail the Webmaster. Site design by Jason Golieb.