Will New York extend the gas tax holiday that’s been active since mid-2022?
Democrat Assembly member Angelo Santabarbara hopes Governor Kathy Hochul extends the measure, which is credited with saving drivers around 48 cents per gallon.
It expires at the end of the month, and will likely mean an instant increase to prices at the pump across the state.
“Governor Hochul is deeply committed to helping keep money in New Yorkers’ pockets as they continue to face rising costs and inflation during a national affordability crisis,” a spokesperson for the Governor told the Evening Tribune. “The Governor worked closely with the legislature to provide more than $600 million in tax relief to New Yorkers by instituting a six-month gas tax holiday – which is already among the longest in the nation – and will continue to explore solutions to help New Yorkers meet the rising cost of living.”
At this point, many lawmakers want to see the gas tax holiday extended given the economic condition of the U.S. Especially given that in recent weeks, gas prices have finally started to come downward.
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