INDIANAPOLIS, IN (WTVB) – Amid rising global oil supply disruptions and continuing high prices at the the pump, Indiana Governor Mike Braun announced a another 30-day extension of the state’s gas tax holiday, marking the seventh month in a row that residents will receive relief.
The extension, which runs through November 4, continues the suspension of both the state’s 7% Gasoline Usage Tax and the Gasoline Excise Tax, saving Hoosiers roughly 60 cents per gallon at the pump.
In a bid to further support the local economy, Governor Braun’s latest emergency declaration also lifts restrictions on dyed diesel, providing additional financial breathing room for farmers entering the fall harvest season.
Meanwhile, neighboring Ohio is preparing to implement its own aggressive relief measure after Ohio state lawmakers overwhelmingly approved a 90-day gas tax holiday with broad bipartisan support.
Passed as emergency legislation, the measure is expected to be signed into law ahead of the weekend by Governor Mike DeWine, bringing the state’s 38.5-cent-per-gallon gasoline tax and 47-cent-per-gallon diesel tax down to virtually zero.
To prevent local infrastructure projects from stalling due to the temporary tax freeze, Ohio will draw approximately $725 million from its general revenue surplus to fully substitute the lost funding.
The Michigan State Senate might vote today on suspending Michigan’s gas tax.
The suspension would be for 90 days and the possibility of the vote prompted the Michigan Infrastructure and Transportation Association’s board to hold an emergency meeting.
The gas tax pays for road repairs and House Speaker Matt Hall says he doesn’t want a vote on suspending it without replacing the revenue.
House Democrats want to replace the 600-million-dollars with money from the state’s Rainy Day Fund.
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