LANSING, MI (WKZO AM/FM) — The Michigan Senate on Thursday, May 26, approved legislation aimed at lowering the cost of gas for Michigan drivers.
The plan would eliminate the sales, excise and use taxes on regular and diesel fuels in the state.
Republican Senator Kim LaSata of Niles who supports the action said, ” Everyday, it seems we approach a new record high for gas price. It’s gotten wildly out of control – people can’t afford to drive to work or to the store. Something needs to be done.”
The state of Michigan currently imposes a 27.2 cents per gallon excise tax on gasoline and diesel fuel, and the price of both fuels are subject to Michigan’s 6% sales and use taxes.
Senate Bill 1029 would suspend the state’s excise tax on gasoline and diesel fuel from June 15 to September 15.
It would also provide $300 million for local governments to cover revenue lost during the gas tax suspension. Senate Bills 972, 973 and 974 would suspend the state’s 6% sales and use taxes on motor fuel for the same time period.
The bills have been sent to the House of Representatives for consideration.
