Branstad signs gas tax bill into law
February 25th, 2015 by Ric Hanson
DES MOINES, Iowa (AP) – Fuel prices will soon go up in Iowa now that Gov. Terry Branstad has signed a tax increase into law. Branstad announced Wednesday that he had signed the bill, which will raise the state fuel tax by 10 cents a gallon. The Legislature gave bipartisan support to the measure Tuesday in an effort to provide more road funding.
The legislation will provide more than $200 million annually for Iowa’s network of bridges and roads, many of which are considered deteriorating or deficient. The price change will go into effect March 1.
Branstad says he recognized the state needs more money for infrastructure. He praised lawmakers for reaching a bipartisan consensus.