The gas tax holiday would save drivers just over 36 cents per gallon.
ANNAPOLIS, Md. — After Gov. Larry Hogan (R) announced working with lawmakers on emergency legislation to end the gas tax in Maryland amid global uncertainty, top leaders in the General Assembly agreed to offer a gas tax holiday for one month.
The tax break could start within the next coming days as the average price of gas in Maryland reaches $4.30 as of Thursday, according to AAA.
“Increased revenue projections for this year and next year give us the flexibility to provide immediate relief to families,” Senate President William Ferguson (D-Baltimore City) and House Speaker Adrienne Jones (D-Baltimore County) said in a statement. “This swift action will help ease the financial burden on everyday Marylanders while keeping the pressure on Vladimir Putin and the Russian oligarchs who have enabled him.”
The gas tax holiday would save drivers just over 36 cents per gallon.
Comptroller Peter Franchot (D), who is running for governor, proposed suspending gas taxes as well, but the proposal would be for three months, which accounts for $250 million in tax revenue.
The state already has a budget surplus of $7.5 billion due to in part COVID-19 relief funds and state income tax revenue, according to the Maryland Board of Revenue Estimates.
“I think 30 days is not enough time because we have to resolve the international situation which I think will take probably three months,” Franchot told WUSA9. “The surplus will be used to substitute for the taxation so all of the transportation needs of the state will continue to be met.”
30 days? How bout next 3 years.
CRUMBS mean Nothing !!!!! Shove it !!! RINO Hogan !!!!! Gas should be $ 1.79 Gallon !!!!!
.37 with a 20 gallon tank saves 7.40. Hmmmm…..then gas continues to rise into memorial day and the OPEC “summer blend” kicks in. Maybe Prez stops the fed tax too.
Okie dokey!
SMH.
Right- what good is 30 days going to do?
crumbs! the tree of liberty needs watering!
I have a better idea. How about defunding education ( lottery pays for it lie) and issuing vouchers, dissolving TAX SUCKING waste in funding illegals..reduce our taxes, or eliminate the gas tax altogether.
I only buy my gas cigarette and booze in VA..I also won’t retire here.
Well, something is better than nothing, but I am very concerned for everyone who is living check to check. Biden’s screwed up policies are just destroying the middle class.