MENU
component-ddb-728x90-v1-01-desktop

Senate Finance Committee to take up $800 million road-funding plan

Senators are considering a bill that would eventually raise nearly $800 million additional for South Carolina's roadways.

The Senate Finance Committee could vote later Tuesday on a proposal that would increase the state's gas tax by 12 cents over the next six years, to 28 cents per gallon. That's two pennies more than the road-funding plan approved by the House earlier this month.

RELATED: S.C. House passes bill to raise $600 million a year for roads with phased-in gas tax

An updated estimate shows the House plan would eventually generate $530 million additional yearly.

The Senate plan raises more by also increasing the sales tax cap on vehicles from $300 to $700 instead of $500. And it charges more for a newly created fee. People moving to South Carolina would pay $350 instead of $250 to register a vehicle bought outside the state.

Trending

LOADING