Country:United States
Year:1991
Policy status:Ended
Jurisdiction:National
Date Effective:1991
Policy Type:Economic Instruments>Fiscal/financial incentives>Taxes
Policy Target:Transport>Passenger
Agency:US Treasury
URL:https://www.irs.gov/publications/p510/ch05.html#en_US_publink1000117253
Funding:USD36 million/yr in revenue (USD253 mil from 1996-2002)
Description:

The Gas Guzzler Tax is a financial penalty levied on domestic and imported cars with fuel economy ratings of less than 22.5 miles per gallon (mpg). The tax ranges from USD1,000 for cars with ratings of at least 21.5 but less than 22.5 mpg, to USD7,700 for cars that get less than 12.5 mpg. This tax does not apply to vehicles weighing more than 6,000 pounds.

Last modified: Fri, 17 Feb 2017 17:19:37 CET