For the first time in a quarter-century, Missouri’s gas tax has increased. Starting Friday drivers filling up in Missouri are paying an additional 2.5 cents per gallon of gas.
The report from KTLO states that Missouri has one of the lowest gas tax rates in the country at just 17 cents per gallon. The last increase to the gas tax in Missouri was approved in 1992.
Gov. Mike Parson signed the increase into law in July. Friday’s increase represents just the first hike. The tax will actually increase yearly between now and 2025. When the increases are done, the state’s tax rate will sit at 29.5 cents-per-gallon.
When the tax is fully in effect it could raise about $500 million more for the state. The additional revenue will help repair roads and bridges in Missouri.
Even with the increased tax, it is still possible that there will not be enough money to stay on top of maintenance. The Missouri Department of Transportation faces a $745 million gap for high-priority road and bridge work.
Many Missouri drivers could be eligible for a gas tax refund starting this year, but it will take some work to get money back.
The Missouri Department of Revenue has a form that can be completed to get a refund for the additional 2.5 cents-per-gallon.
Anyone interested in applying for the refund will have to track individual gas purchases starting Oct. 1 through June 30, 2022.
Drivers will be able to start applying for refunds July 1, 2022.
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