Governor seeks emergency suspension of Maryland’s gas tax

Maryland Gov. Larry Hogan and presiding officers at the State House agreed Thursday on legislation to provide a one-month gas tax holiday.The emergency bill will land on the governor’s desk within days and he is expected to sign it during a special bill-signing ceremony .The tax break will cost the state $ 100 million, which legislative leaders said can easily be absorbed. Jones said they agreed to revisit suspending the gas tax, if needed. According to AAA, the average price per gallon for regular gas in Maryland is $ 4.30. A suspension of the gas tax could save drivers in Maryland close to 40 cents per gallon. “It’s the right thing to do. We can afford it,” House Speaker Adrienne Jones said. “We feel you, we hear you, we want to help you.” Earlier in the day, Comptroller Peter Franchot also called for a gas-tax holiday, but his proposal is for three months. Read the comptroller’s statement here.Meanwhile, Republican state senators are pushing to repeal, or at least pause, a Maryland law allowing for automatic increases in gas prices. (More) In Maryland, the gas tax automatically increases each year based on inflation. | PDF: Senate Bill 337 – Motor Fuel Tax Rates – Consumer Price Index Adjustment – Repeal | PDF: Senate Bill 737 – Cost of Living Assistance Act of 2022 (pause the automatic increases) Governor calls for gas tax breakThe governor issued the following statement Thursday afternoon after the Board of Revenue Estimates reported an increase in the state’s record budget surplus. ” Today’s incredible revenue estimates increase our already record surplus and reinforce the fact that Maryland continues to have one of the strongest recoveries in America. “This report further proves that we have a once-in-a-generation opportunity to advance substantial tax relief for our families, small businesses and retirees. People across the country are being squeezed by surging inflation on everything from gas to groceries⁠ – Marylanders, especially our retirees, deserve and need this relief. “In addition, at this time of global uncertainty due to Russian aggression, we are working with our legislative partners on an emergency suspension of the gas tax to help with the pain at the pump. We also support ongoing efforts in the legislature to suspend automatic increases in the gas tax. And, I have called on the Biden administration to increase domestic energy production to help lower costs. Now more than ever, we must come together to take bold, bipartisan action. “Legislative leaders respondIn response, Senate President Bill Ferguson and Jones released a statement, saying:” Marylanders need help now, and we are standing together to provide that assistance by suspending the Maryland gas tax for 30 days. “During the last month, Marylanders have seen gas prices increase exponentially, compounding existing risin g costs. “Increased revenue projections for this year and next year give us the flexibility to provide immediate relief to families.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. “We look forward to working with the governor in the coming days to relieve the pressure on Marylanders’ pocketbooks while ensuring our long-term fiscal health.”

Maryland Gov. Larry Hogan and presiding officers at the State House agreed Thursday on legislation to provide a one-month gas tax holiday.

The emergency bill will land on the governor’s desk within days and he is expected to sign it during a special bill-signing ceremony.

The tax break will cost the state $ 100 million, which legislative leaders said can be easily absorbed. Jones said they agreed to revisit suspending the gas tax, if needed.

According to AAA, the average price per gallon for regular gas in Maryland is $ 4.30. A suspension of the gas tax could save drivers in Maryland close to 40 cents per gallon.

“It’s the right thing to do. We can afford it,” House Speaker Adrienne Jones said. “We feel you, we hear you, we want to help you.”

Earlier in the day, Comptroller Peter Franchot also called for a gas-tax holiday, but his proposal is for three months. Read the comptroller’s statement here.

Meanwhile, Republican state senators are pushing to repeal, or at least pause, a Maryland law allowing for automatic increases in gas prices. (More) In Maryland, the gas tax automatically increases each year based on inflation.

| PDF: Senate Bill 337 – Motor Fuel Tax Rates – Consumer Price Index Adjustment – Repeal
| PDF: Senate Bill 737 – Cost of Living Assistance Act of 2022 (pause the automatic increases)

Governor calls for gas tax break

The governor issued the following statement Thursday afternoon after the Board of Revenue Estimates reported an increase in the state’s record budget surplus.

“Today’s incredible revenue estimates increase our already record surplus and reinforce the fact that Maryland continues to have one of the strongest recoveries in America.

“This report further proves that we have a once-in-a-generation opportunity to advance substantial tax relief for our families, small businesses and retirees. People across the country are being squeezed by surging inflation on everything from gas to groceries⁠ – Marylanders, especially our retirees, deserve and need this relief.

“In addition, at this time of global uncertainty due to Russian aggression, we are working with our legislative partners on an emergency suspension of the gas tax to help with the pain at the pump. We also support ongoing efforts in the legislature to suspend automatic increases in the gas tax. And, I have called on the Biden administration to increase domestic energy production to help lower costs. Now more than ever, we must come together to take bold, bipartisan action. “

Legislative leaders respond

In response, Senate President Bill Ferguson and Jones released a statement, saying: “Marylanders need help now, and we are standing together to provide that assistance by suspending the Maryland gas tax for 30 days.

“During the last month, Marylanders have seen gas prices increase exponentially, compounding existing rising costs.

“Increased revenue projections for this year and next year give us the flexibility to provide immediate relief to families.

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.

“We look forward to working with the governor in the coming days to relieve the pressure on Marylanders’ pocketbooks while ensuring our long-term fiscal health.”

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This content is imported from Twitter. You may be able to find the same content in another format, or you may be able to find more information, at their web site.

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