RALEIGH, North Carolina — The price at North Carolina pumps should soon drop a penny or two now that Gov. Pat McCrory has signed a bill finalizing gas tax changes.
McCrory announced Tuesday he had signed into law an incremental motor fuels tax decline within a couple of hours of the Senate and House voting for the bill's final approval.
The bill directs the gas tax drop from 37.5 cents per gallon to 36 cents starting Wednesday, then to 35 cents next January and 34 cents in July 2016. A new formula would take over in 2017.
Some Democrats complained without the new law the tax would have likely fallen this summer below 30 cents due to falling gas prices. Republicans warned that would have delayed road-building projects that rely on gas tax revenues.
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