Tennessee Gasoline Tax 21.4 cents per gallon(20 cent gasoline tax +1.4 cent special petroleum fee) (Yields $654.6 million per year) Each penny is worth about$30.6million per year. How the tax is divided (7.9cents,or $242 million ,goes to cities and county)(approximately .7cent or 22million goes to the state General Fund (Approximately 12.8,or $390.4 million goes to TDOT. (The $390.4 million is included in TDOT total state revenue of $814,800,000 and is used in three basic ways to accomplish TDOT,s mission (Basic Operating Cost,Highway Maintenance contracts,Resurfacing ,bridges,major construction,new construction.consultant contracts,right of way purchases,and to match federal funds.
Posted on: Fri, 26 Jul 2013 23:05:25 +0000
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