Gas Tax Holiday Archive

Are Tax Rebates & Tax Holidays the Answer?
January 26, 2023
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TweetShareSharePin0 Shares The rate of inflation has slowed markedly in recent months, even declining slightly in December—but at year’s end, prices were still 14.6 percent higher than they were two years prior. That’s the fastest inflation rate over any two calendar years since the stagflation era of the late 1970s. State policymakers are understandably interested

2023 State Tax Changes, Effective January 1, 2023
December 22, 2022
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TweetShareSharePin0 Shares Most state tax changes take effect at the beginning of the calendar year (January 1) or at the beginning of the fiscal year (July 1 for most states). On January 1, 2023, thirty-eight states have noteworthy tax changes taking effect. Most of these changes represent net tax reductions, the result of an unprecedented

Are Tax Rebates a Good Way to Provide Tax Relief from Rising Prices?
March 29, 2022
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TweetShareSharePin0 Shares States are flush with cash, but taxpayers’ purchasing power is being eroded by high inflation. It’s unsurprising that many policymakers have jumped at the chance to apply surpluses to meet the genuine needs of many residents—but good intentions do not always make for good policy. Tax rebates, gas tax holidays, and other temporary

Florida Gas Tax Holiday Has Negligible Benefits
March 10, 2022
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TweetShareSharePin0 Shares With gas prices soaring in March, Florida is preparing to give drivers a gas tax holiday—in October. A cynic might wonder why the gas tax holiday aligns so closely with election season (lawmakers cite other reasons), but in many respects, the timing is the least of the issues with Florida’s pending suspension of