WHILE the federal government has yet to pass a fourth stimulus check, many taxpayers are looking to their states for relief.
The price of gas continues to soar and 10 states have recently passed legislation offering rebates to combat rising inflation.
In some states, the price of gas is now above federal minimum wage
Out of the 10 states, four of them are specifically reserved to help residents at the pump in the form of gas rebates.
Starting last April 2022, Connecticut residents are not required to pay tax on fuel.
Lawmakers passed the $90million Motor Vehicle Fuels Tax in March which deferred the state’s 25 cents per gallon motor vehicle tax for retail customers.
Initially set to expire at the end of June, this temporary measure was recently extended until November 30, 2022.
Governor Ned Lamont approved the extension May 9.
In May, Governor Brian Kemp signed a bill temporarily suspending the state’s excise tax on motor fuel sales.
The suspension will go through July 14 and is made possible due to the state’s historic state budget surplus.
The governor also renewed the State of Emergency for Supply Chain Disruptions that will run through July 14, as well.
The Chicago Moves program is giving away up to 50,000 prepaid gas cards of $150 and 100,000 prepaid transit cards of $50 to eligible residents.
The applications opened April 27, and the cards will be distributed every month through September.
A majority of the cards, 75%, will be for residents in areas that face higher mobility hardships.
While the remaining 25% of cards will be distributed citywide in equal amounts to each ward.
4. New York
New York recently passed legislation suspending taxes on motor fuel and highway diesel motor fuel.
The temporary suspension will run from June 1 through December 31.
Just note that local sales and use taxes are not suspended.
The Tax Law authorizes counties and cities to elect a cents-per-gallon or percentage rate sales tax method on fuel.
With inflation raging on and interest rates expected to be hiked again Wednesday, many Americans need financial relief from rising prices.
These five states have proposed legislation for gas rebates and other stimulus programs and are awaiting approval.
The Sun covers mortgage stimulus for homeowners in each state.
Plus, hundreds of workers will get stimulus checks worth $700.