Governor Newsom unveils plan for $11 billion in gas tax refunds
SACRAMENTO, Calif. (KION-TV)-- Governor Gavin Newsom announced Thursday a proposition for $11 billion in tax refunds to help aid with rising gas prices.
$400 would be given per registered vehicle, up to 2 per person.
“We’re taking immediate action to get money directly into the pockets of Californians who are facing higher gas prices as a direct result of Putin’s invasion of Ukraine,” said Governor Newsom. “But this package is also focused on protecting people from volatile gas prices, and advancing clean transportation – providing three months of free public transportation, fast-tracking electric vehicle incentives and charging stations, and new funding for local biking and walking projects.”
The $9 billion would be sent out to drivers in $400 debit cards to millions of Californians.
$2 billion would go to making public transit free for three months, pausing a portion of the sales tax rate on diesel and suspending the inflationary adjustment on gas and diesel excise tax.
$500 million will be used to support active transportation programs, like walking and biking projects.
We’re proposing $9 billion in tax refunds to address rising gas prices -- $400 per registered vehicle, up to 2 per person. We’re also proposing grants so public transit can be free for 3 months.
— Office of the Governor of California (@CAgovernor) March 23, 2022
We know Californians are paying at the pump & with this refund, millions get $ back. pic.twitter.com/fNZOT3ds4S
