Gas Guzzler Tax Levied on New Cars with Low Fuel Economy
April 23, 2012
The "Gas Guzzler Tax" is collected from the public for each new car purchased with fuel economy less than 22.5 miles per gallon (mpg). The Gas Guzzler Tax does not apply to light trucks, only cars. Most of the vehicles on the model year 2011 Gas Guzzler list are high-end performance or luxury cars.
Current Gas Guzzler Tax on New Cars
Sources
- U.S. Department of Energy and U.S. Environmental Protection Agency, Fuel Economy Guide database
- Internal Revenue Service, Form 6197, (Rev. 10-05), "Gas Guzzler Tax."