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49°
Saturday, nov 9
Tag:
Tax Suspension
Business
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…
News
Gas Sales Tax Cap To Take Effect In This Hudson Valley County
Motorists in one Hudson Valley county will see some financial relief at the gas pump as prices continue to rise to record levels nationwide. In Rockland County, beginning on Wednesday, June 1, the local sales cap tax on gas 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 cap will be in effect through Feb. 28, 2023. Officials said that inspectors from the Rockland County Office of Consumer Protection "have been…