LANSING, Mich. — The state Senate on Tuesday approved legislation to suspend Michigan’s gas and diesel taxes through the rest of the fiscal year.
“Times are tough right now for far too many West Michigan families and businesses, as skyrocketing fuel prices and generationally high inflation impact stressed budgets,” said Sen. Jon Bumstead, R-Newaygo. “Suspending the state’s tax on gas and diesel will save residents a combined $750 million at the pump in just six months. With this tax break and the income tax cut we already approved, we’re taking meaningful action to help Michiganders cope with the rising costs of living. I sincerely hope the governor will join this commonsense effort.”
House Bill 5570 would suspend the state’s 27.2 cents per gallon excise tax on gasoline and diesel fuel from April 1 through Sept. 30.
According to AAA, the average price per gallon of regular gasoline in Michigan today is $4.23. It was $2.80 a year ago.
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