North Carolina considers temporary suspension of state gas tax
- Reports
- 5
- Developments
- 2
- Repetition
- 60%
New informationRepeats or wire copies
What happened
The North Carolina General Assembly is poised to consider suspending the state's 41-cent-per-gallon gas tax during an upcoming special session. This proposal is intended to provide relief to drivers facing soaring fuel costs, as regular gas prices currently average $4.03 per gallon. Lawmakers plan to use state budget surpluses and reserves to cover road project funds lost during the suspension.
From wunc.org, wsoctv.com
Why it matters
The temporary tax suspension would substantially lower the cost of gas and diesel for North Carolina residents. Grant Campbell noted that a suspension could lead to a price drop of around 30 cents per gallon within seven to ten days of implementation. The state uses the motor fuels tax revenue to fund highway construction and road maintenance.
From wunc.org, wsoctv.com
Who's involved
- Grant CampbellAdvocate for the temporary suspension of the state gas tax
- BrysonLinked to advocacy efforts regarding the gas tax suspension
- North CarolinaState considering the temporary suspension of its gas tax
- general assemblyBody poised to consider the tax suspension during a special session
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- North CarolinaSpeculative
Consumer fuel costs might decrease due to the temporary tax suspension
- general assemblySpeculative
State finances could be affected by the temporary loss of tax revenue
- North Carolina Department of TransportationSpeculative
The North Carolina Department of Transportation could see changes in its budget for road projects as lost tax revenue is replaced by surplus funds
How it developed
Newest first. Tap a step to see who reported it.Advocates call for temporary gas tax suspension.1 source
Discussions regarding the temporary suspension of the state gas tax in North Carolina.1 source
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The entities involved
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Grant Campbell
American politician from North Carolina
Nothing else this week.
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Bryson
city in Jack County, Texas, United States
Nothing else this week.