State Senator Tom O’Mara and fellow GOP senators are proposing a two-year state sales tax moratorium to combat inflation.
The legislation would eliminate state sales tax on a number of items, including gas, personal care, household supplies and prepared food.
New legislation ‘first step’ in a larger GOP strategy to combat inflation, address affordability
Many New York families have to forgo summer plans due to inflated bills and expenses, said O’Mara. Upcoming back-to-school costs will make pocketbooks even tighter, he added.
The sales tax legislation is the first step in the Senate GOP’s “comprehensive strategy” to counter inflation and address affordability in the state.
O’Mara said the moratorium would deliver $2.6 billion in annual tax relief to New Yorkers.
“New Yorkers here at home across the Southern Tier and Finger Lakes regions, and statewide, are worried about making ends meet,” said O’Mara. “They keep seeing this state becoming less safe, less affordable, less free, less economically competitive, less responsible, and far less hopeful for the future. I look forward to joining many legislative colleagues to try to turn things around and begin rebuilding safer and stronger communities.”
The state Assembly Republican Committee will advance the legislation, said the release.