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New York Suspends the Gas Tax for Six Months as Pump Prices Soar [View all]
(Bloomberg) -- New York is temporarily lifting the 16 cents-a-gallon fuel tax for six months as the summer driving season kicks off with record-high pump prices.
Suspending the 16 cents-a-gallon fuel tax for six months would let New Yorkers keep $585 million, according to the legislation. The bill gives localities the option of waiving their local sales taxes, potentially equating to more savings.
Suspending the 16 cents-a-gallon fuel tax for six months would let New Yorkers keep $585 million, according to the legislation. The bill gives localities the option of waiving their local sales taxes, potentially equating to more savings.
Read the rest at: https://finance.yahoo.com/news/york-suspends-gas-tax-six-163426518.html
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