As the price of gas continues to rise at a rapid pace, one state’s lawmakers is looking into helping out their residents with a stimulus tax rebate.
California legislatures are working to give taxpayers a rebate of $400 to help with inflation overall, especially with rising gas prices.
Eligibility for the stimulus tax rebate
There is no income requirement to receive the payment.
Individuals who are married could expect $800.
Singles will see $400.
The money will come from the $45 billion dollar surplus many are expecting.
The goal is to get this stimulus rebate into the hands of taxpayers. This will help offset the rising costs of inflation.
Why is the stimulus tax rebate $400?
The decision to pay residents $400 is because it’s equal to excise taxes residents pay on gas annually.
If a driver fills their take around 52 times per year with a gas tax at $0.51 per gallon, it comes out to $400.
Democrats and Republicans agree on trying to help residents with the financial strain caused by rising gas prices.
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