Indiana Governor Suspends Gas Usage Tax Amid Price Surge Due to Conflict with Iran
Indiana Governor Mike Braun has announced the suspension of the state's 7% gas usage tax in response to a significant increase in gas prices following a conflict involving the United States and Iran. This decision aims to provide some relief to Indiana residents who have seen gas prices rise sharply, with the average cost per gallon jumping from $2.80 to $4.13. The suspension, however, does not affect the state's 36-cent-a-gallon excise tax or the federal gas tax, and it excludes diesel fuel. The move is expected to reduce the cost per gallon by just over 17 cents. The revenue from this tax typically funds local and state road construction, and the suspension is estimated to cost the state about $50 million. Despite this, Governor Braun assured that major state road projects would not be disrupted. 
