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Governor Hogan announces 30-day gas tax break into law – CBS Baltimore

BALTIMORE (WJZ) Governor Larry Hogan on Friday signed into law a 30-day gas tax bill, suspending the state’s collection of $0.36 per gallon amid a sharp rise in prices in part. by the ongoing war in Ukraine.

As of Friday, the average price for a gallon of gas in Maryland was $4,166, about 10 cents lower than the national average, according to to AAA Mid-Atlantic.

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Controller Peter Franchot, whose office regulates motor fuel distribution in the state, said the holiday was effective immediately and lasts until 11:59 p.m. on Sunday, April 16.

He said the tax pause would “immediately help the people of Maryland by putting up to $100 million in their pocket.”

Hogan was signed by Speaker of the House Adrienne Jones (D-Baltimore County) and Senate President Bill Ferguson (D-Baltimore City) at the signing ceremony.

The governor said the measure would help Marylanders cope with high gas prices and rising inflation.

“This bipartisan action will help ease the pain at the pump, and is likely due to the prudent fiscal steps we have taken together, resulting in a record budget surplus,” he said.

Jones calls the measure a “targeted response” to the ripple effect residents are feeling from Russia’s invasion of Ukraine.

“This act will not only bring some relief and help stabilize our economy, but it will also counter the escalation of Vladimir Putin and hold him accountable for the deplorable attack,” she said. mine,” she said.

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Ferguson noted that the senate passed a $58.5 billion budget that includes $350 million in tax exemptions for seniors and working-class families, $7.9 billion for public education and increase the cost of living for state workers.

“We are here because we are showing that Maryland leaders know that when there are problems that the people of Maryland are facing, we will work together to solve them and fix them,” he said.

Both houses of the Maryland General Assembly on Thursday unanimously passed bills that would allow tax exemptions. Each chamber on Friday cast its final vote on the other party’s bill to send the legislation to Hogan.

The bill, which has broad bipartisan support and went into effect last week, was fast-tracked in response to calls to action from Hogan, Franchot, Ferguson and Jones, among other officials. .

The Transform Maryland Transportation Coalition sent a letter to Ferguson and Jones on Thursday asking them to oppose the tax cut, arguing it would negatively impact transportation funding, stimulating more driving. and higher demand for gas.

Funds raised from the gas tax are channeled into a trust fund for transportation and the environment. The state will set aside a portion of its $7 billion surplus to cover the losses.

The group said the savings “will at least be pocketed by distributors and gas stations” and asserted that a subsidy for low-income Marylanders would be a more effective short-term solution.

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“Over the long term, Maryland needs to build more resilience into our transportation system so that we are less vulnerable to spikes in gas prices,” the group said. “Maryland needs to make it easier for people and goods to get where they need to go without making the climate crisis worse.”

https://baltimore.cbslocal.com/2022/03/18/gov-hogan-signs-30-day-gas-tax-holiday-into-law/ Governor Hogan announces 30-day gas tax break into law – CBS Baltimore

Jake Nichol

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