Maryland

Maryland’s Gas Tax Holiday Ends at Midnight – Maryland Matters

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Picture by Sean Rayford/Getty Photographs.

By Kate Ryan

Maryland drivers might have gotten used to not having to pay the state’s 36 cent fuel tax. Nevertheless it involves an finish on Sunday, April 17.

Lawmakers within the Maryland Normal Meeting and Gov. Lawrence J. Hogan Jr. (R) agreed to droop the fuel tax final month to assist residents who have been hit with a bounce in gasoline costs after Russia invaded Ukraine. The invoice was handed in Annapolis on March 18.

Maryland Comptroller Peter V.R. Franchot, a Democratic gubernatorial candidate, floated the thought of a fuel tax vacation in the course of the March 10 Board of Income Estimates assembly. Franchot favored a 90-day break from the state tax, arguing on the time that the state’s wholesome fiscal outlook may help forgoing revenues from gasoline gross sales.

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In the course of the Normal Meeting session, various Republican lawmakers expressed help for extending the suspension of the tax.

The fuel tax vacation value the state an estimated $100 million {dollars}. Lawmakers amended the state finances to ensure the tax loss didn’t diminish revenues to the Transportation Belief Fund, which is used to pay for street and freeway initiatives.

In Virginia, Gov. Glenn Youngkin has proposed a three-month suspension of the fuel tax. It’s hung up within the Normal Meeting; Democrats have made their very own proposal.

Danielle E. Gaines contributed to this report. 

As a part of Maryland Issues’ content material sharing settlement with WTOP Radio, we characteristic this text from Kate Ryan. Click on right here for the WTOP Information web site.

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