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Economic Relief

Business
Here's How Long NYers Will Get Relief At Pump As Gas Tax Holiday Takes Effect Here's How Long NYers Will Get Relief At Pump As Gas Tax Holiday Takes Effect
Here's How Long NYers Will Get Relief At Pump As Gas Tax Holiday Takes Effect With gas prices reaching record heights across the nation, New Yorkers will see some financial relief at the pump as the statewide gas tax holiday goes into effect. As of Wednesday, June 1, New York is suspending certain taxes on fuel for the rest of the year to help limit the strain motorists have been feeling for months amid record inflation. The tax suspension will reduce prices by at least 16 cents per gallon statewide, with some counties offering additional savings to aid consumers who have struggled with rising gas prices. Related story - Gas Sales Tax Cap To Take Effect In Th…

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by Zak Failla
News
This Hudson Valley County Capping Sales Tax On Gasoline This Hudson Valley County Capping Sales Tax On Gasoline
This Hudson Valley County Capping Sales Tax On Gasoline Some financial relief is coming to Hudson Valley motorists as elected officials in one county announce a cap on gasoline sales tax in the region. Rockland County Executive Ed Day and County Legislature Chairman Jay Hood Jr. announced that local sales tax on gasoline will be capped at $2 per gallon amid the record spike in prices at the pump. According to officials, the change means sales tax will only be applied to the first $2 of a gasoline purchase, as opposed to the full gas price. The gasoline tax cap will begin on Wednesday, June 1, and be in effect through Feb. 28, 2023. Furth…

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by Zak Failla
Politics
Ukraine Crisis: NY Lawmakers Push To Suspend Gas Tax Ukraine Crisis: NY Lawmakers Push To Suspend Gas Tax
Ukraine Crisis: NY Lawmakers Push To Suspend Gas Tax With gas prices at the pump surging to record highs, some New York lawmakers are proposing a temporary suspension of the statewide gas tax to provide some financial relief to motorists. Upstate New York Sen. Peter Oberacker and Sen. Senator Fred Akshar announced that they are jointly proposing the New York Gas Tax Relief Act to combat the increased costs that have spiked due to the Russian invasion of Ukraine. If approved, the legislation would suspend the state gas tax through Thursday, Sept. 1, “in an effort to combat the increased costs that have burdened New Yorkers over the past two …

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by Zak Failla