4 cent gas, diesel tax hike before NH panel - WCAX.COM Local Vermont News, Weather and Sports-

4 cent gas, diesel tax hike before NH panel

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Associated Press

CONCORD, N.H. (AP) - Supporters say a proposed 4-cent increase in New Hampshire's tax on gas and diesel would provide much needed money to fix deteriorating roads and help finish the expansion of Interstate 93.

The House Ways and Means and Public Works and Highways committees held a hearing on the Senate-passed bill Tuesday.

The bill would increase funding for highway improvements for two years, then earmark about half the proceeds to pay off $200 million in borrowing toward finishing the expansion of Interstate 93.

Once the debt is paid off, the tax hike would expire. The bill would also eliminate the Exit 12 ramp toll booths in Merrimack.

Opponents said the tax increase would hurt consumers every time they fill up at the pump.

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