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State Gas Tax
I Deductible on Returns
“Gasoline taxes In Virginia; add up to 50 per cent of the purchase price of a gallon of gasoline (before tax), but part of this tax bite may be deducted when you file your fed eral income tax return," H. H. Scott, chairman of the Virginia Petroleum Industries executive committee said to. day. “For example,” Scott said, “a Virginia motorist who drives 12,000 milesa year and averages about 15 miles per gallon may include $56.00 in his federal income tax deductions.”
To compute your deductions, Scott said, “Simply multiply the number of gallons you bought by your state gasoline tax of 7 cents, using your pur chase receipts or credit card invoices to find the total gallons.”
“If you did not save your invoices,” Scott said, "divide your total mileage by the miles your car travels per gallon of gasoline and then multiply this number by your state gasoline tax of 7 cents.
88.0%