State Republicans Push Gas Tax Suspension
By Mark Scott
Buffalo, NY – Republicans in the State Legislature unveiled a bill Wednesday that would suspend the state tax on a gallon of gas to give New Yorkers a much-needed break at the pumps.
State Assemblyman Jim Hayes of Williamsville says, if approved, the tax would be suspended from Memorial Day to Labor Day.
Hayes admits it would create an immediate hole in this year's budget.
"Our estimate is that it would cost $500 million in revenue coming to the state," Hayes said. "But the tourism industry in New York is huge. People are going to change their plans this summer and not go places. Sales tax collections are down in other areas. This will result in an even greater hole."
Shortly after the announcement by state Republicans, Erie County Legislator Michael Ranzenhofer held a news conference of his own to propose a bill here that would suspend the county portion of the tax on gasoline.