{"id":31366,"date":"2022-06-01T01:10:03","date_gmt":"2022-06-01T01:10:03","guid":{"rendered":"https:\/\/harchi90.com\/new-york-gas-tax-break-begins-wednesday-as-gas-prices-near-5-a-gallon\/"},"modified":"2022-06-01T01:10:03","modified_gmt":"2022-06-01T01:10:03","slug":"new-york-gas-tax-break-begins-wednesday-as-gas-prices-near-5-a-gallon","status":"publish","type":"post","link":"https:\/\/harchi90.com\/new-york-gas-tax-break-begins-wednesday-as-gas-prices-near-5-a-gallon\/","title":{"rendered":"New York gas tax break begins Wednesday as gas prices near $ 5 a gallon"},"content":{"rendered":"
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New York will suspend some of its gas taxes starting tomorrow.<\/p>\n

State lawmakers passed the tax break as part of the budget in April. The suspension lasts from June 1 until Dec. 31 and covers both the 8-cent per gallon motor fuel tax and 8-cent per gallon sales tax on gasoline.<\/p>\n

The total tax break of 16 cents a gallons will save consumers about $ 2 on a 12-gallon fill-up.<\/p>\n

The suspension will cost the state over $ 580 million in lost revenue.<\/p>\n

In addition to the state-level break, Onondaga County voted in April to cap its sales tax on gas at 12 cents a gallon, also starting June 1. The cap expires Nov. 30.<\/p>\n

The county taxes gasoline purchases at its regular 4% sales tax, which comes to 12 cents a gallon for gasoline purchased at $ 3 a gallon. With the cap in place, the sales tax won’t rise beyond that amount, regardless of how high the price of gas rises.<\/p>\n

The move will save motorists 4 cents a gallon with gas costing $ 4 and 8 cents a gallon if the price goes up to $ 5.<\/p>\n

Oswego County also capped its sales tax for gas at 12 cents a gallon.<\/p>\n

The Oneida Indian Nation has announced it will suspend its gasoline tax for the rest of 2022 at all Maple Leaf Market and SavOn locations in Oneida and Madison Counties.<\/p>\n

The current average price for regular gas in Syracuse is $ 4,857 a gallon, according to AAA. The statewide average is $ 4,927.<\/p>\n

Contact Kevin Buffer anytime: <\/i>E-mail<\/i> | <\/i>Twitter<\/i><\/a> | <\/i>Facebook<\/i> | 315-282-8598<\/i><\/p>\n<\/div>\n