A diesel tax increase
is well on its way through the New Mexico Legislature.
HB975 would increase diesel by 4.4 cents per gallon and
gasoline by 5.4 cents per gallon, bringing the fuel tax
for both to 22.4 cents per gallon.
The increase would
back bonds issued to finance 15 road projects, including
interchange improvements, upgrading interstates and expanding
roads to four lanes. For these projects, the bill could
total $561 million.
bill would stop a 1-cent-a-gallon tax reduction scheduled
The bill passed the
House and gained a “do pass” March 15 from the Senate Corporations
and Transportation Committee, which passed it on to the
Senate Finance Committee.