Assemblyman Jim Tedisco (R,C,I-Schenectady-Saratoga) today called on the Assembly Majority to step up and give overburdened motorists and small businesses a Summer Gas Tax Holiday now that the Senate has passed the measure.
The bill (A.7297A/S.4880-B), which is sponsored by Tedisco and Senator Greg Ball (R,C-Patterson), provides motorists with relief at the pump during this summer’s three busiest driving weekends.
The measure suspends the three separate state taxes on fuel – the 8-cent excise tax, the 8-cent sales tax and the 17-cent Petroleum Business Tax – during the four-day Memorial Day, Independence Day and Labor Day holiday weekends, providing consumers an immediate savings of 33-cents per gallon of gasoline – about a $25 to $50 savings for each weekend of travel.
“Now that the Senate has passed the Summer Gas Tax Holiday, it should be on the Assembly’s ‘to do’ list before the legislature breaks for the Memorial Day holiday. Unfortunately, when it comes to giving New York motorists a break and helping out our small businesses during the three busiest summer travel weekends, the Assembly is full of baloney while taxpayers are running on empty,” said Tedisco, former Assembly Minority Leader and current Assistant Minority Whip.
Tedisco and Ball amended the original legislation to ensure gas stations will actually reduce gas prices the full 33 cents by reimbursing retailers for the money they laid out for taxes. It also alleviates the concerns about the road and bridge fund by the County Highway Superintendents Association who have since removed their opposition to the bill. The Summer Gas Tax Holiday has been endorsed by the National Federation of Independent Business (NFIB).
“If New York’s state government, which has placed three taxes on the cost of every gallon of gasoline sold, cannot repeal those taxes while putting the savings in the pockets of our beleaguered taxpayers, then our state is truly broken and needs to be fixed. Those who would defend the belief that these taxes can't effectively be repealed are sending the message that high taxes in New York are not only INEVITABLE but ETERNAL. New York's taxpayers deserve better,” said Tedisco.