Gas Tax Holiday Act exempts fuel gas, motor fuel, and diesel motor fuel from certain taxes from the first month after enactment until December 31.
The Gas Tax Holiday Act establishes a tax exemption on retail sales of fuel gas, motor fuel, and diesel motor fuel from the first month after the act's effective date until December 31, 2027. This exemption applies to taxes imposed by articles twelve-A, thirteen-A, and twenty-eight of the tax law. Municipalities have the option to eliminate all taxes on these fuels during this period. Retail sellers can advertise the tax exemption and must reduce prices by the amount of prepaid taxes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.