Proposed State Gasoline Tax Exemption | News, Sports, Jobs


State Senator Kevin Parker is proposing duty-free gasoline sales through the end of the year.

Parker, D-Brooklyn, is proposing a freeze on taxes imposed on the manufacture, distribution, storage and sale of gasoline in the state through Dec. 31. Additionally, Parker’s legislation requires retailers to reduce the price per gallon of gasoline and diesel. fuel by the amount of taxes paid in advance by the seller and which would have been collected from the consumer. Gas stations may advertise that gasoline is being sold at lower prices.

Taxes would include sales and use taxes as well as state taxes on petroleum companies.

“Currently, gasoline prices at the pump for motor fuel are approaching $4 a gallon statewide, due to supply chain shortages and tax prices,” Parker wrote in his legislative rationale. “The steep hikes recently imposed on customers’ gas utility bills, also for similar reasons, have left many bill hikes four times their previous, usual amount. Subsequently, consumers find themselves unable to pay their gas bills and overwhelmed by the prospect of long-term debt (particularly problematic as the state struggles with growing arrears and the payment thereof). These prices show little indication that they will decline without intervention.

Republican Senator Fred Akshar of Binghamton has also proposed a fuel tax holiday with S.8483. Akshar proposes maintaining the fuel sales tax, which generates $413 million a year, and dedicating one cent per gallon to the Highways and Bridges Fund, raising $51 million for the fund. At the same time, Akshar proposes to suspend state fuel taxes.

“According to the Tax Foundation, New York currently has the ninth highest gasoline tax in the nation, at 46.19 cents per gallon. With fuel prices soaring, temporarily suspending the fuel tax is essential to give hard-working New Yorkers some much-needed relief at the pump,” Akshar wrote in his legislative rationale. “If enacted, this legislation would establish a fuel tax exemption and place future fuel tax revenues into a fund dedicated to New York’s roads and bridges.”

New York’s gasoline taxes are the ninety highest in the nation, according to the Tax Foundation, at 46.19 cents per gallon.

Pennsylvania is ranked third in the nation at 58.7 cents per gallon. These statistics do not include any county sales or use taxes that may be levied on gasoline. Parker’s legislation would allow municipalities to eliminate all taxes on motor fuel and diesel.

Legislation was also presented by the senses. Mark Kelly, D-Arizona, and Maggie Hassan (DN.H.) to suspend the current federal gasoline tax of 18.4 cents per gallon until Jan. 1.

The bill was introduced in mid-February ahead of last week’s gasoline price spikes. Similar to Parker’s legislation, Kelly and Hassan propose to require savings to be passed on to consumers by requiring the Secretary of the Treasury to monitor the program to ensure that oil and gas companies pass savings to consumers at the pump. and encourage the Secretary of the Treasury to take appropriate enforcement action to ensure consumers see these savings. The Treasury Department would also be required to make budgetary transfers from the general fund to maintain the solvency of the National Highway Trust Fund. Gasoline taxes fill the Highway Trust Fund.

“Arizonans are paying some of the highest prices for gas we’ve seen in years and it’s putting a strain on families who need to fuel up to get to work and school,” said Senator Kelly. “This bill will reduce gasoline prices by suspending the federal gasoline tax through the end of the year to help Arizona families struggling with high costs for everything from gasoline at the grocery store.”

Additionally, Rep. Josh Harder, D-California, pushed similar legislation in the U.S. House of Representatives, prompting California Governor Gavin Newsome to propose a California gasoline tax exemption, which has the highest gas taxes in the country.



Today’s breaking news and more to your inbox







About Laurence Johnson

Check Also

Back-to-school shopping: Families are looking for cheaper options

NEW YORK – To understand the impact of soaring inflation on back-to-school spending this year, …