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    Gas Tax Rebate Act

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    This bill proposes the Gas Tax Rebate Act of 2022. It would provide all North Carolina residents over 18 with a valid driver's license a $200 gas tax rebate to help with high gas and food costs. The Department of Revenue would use $1.3 billion from anticipated state revenue to issue the rebates by check or debit card by October 1, 2022. If more funds are needed to issue all rebates, additional money would be appropriated from the state's general fund.

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    Gas Tax Rebate Act

    Uploaded by

    FOX8
    23K views1 page
    This bill proposes the Gas Tax Rebate Act of 2022. It would provide all North Carolina residents over 18 with a valid driver's license a $200 gas tax rebate to help with high gas and food costs. The Department of Revenue would use $1.3 billion from anticipated state revenue to issue the rebates by check or debit card by October 1, 2022. If more funds are needed to issue all rebates, additional money would be appropriated from the state's general fund.

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    NC Senate bill is filed

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    This bill proposes the Gas Tax Rebate Act of 2022. It would provide all North Carolina residents over 18 with a valid driver's license a $200 gas tax rebate to help with high gas and food costs. The Department of Revenue would use $1.3 billion from anticipated state revenue to issue the rebates by check or debit card by October 1, 2022. If more funds are needed to issue all rebates, additional money would be appropriated from the state's general fund.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23K views1 page

    Gas Tax Rebate Act

    Uploaded by

    FOX8
    This bill proposes the Gas Tax Rebate Act of 2022. It would provide all North Carolina residents over 18 with a valid driver's license a $200 gas tax rebate to help with high gas and food costs. The Department of Revenue would use $1.3 billion from anticipated state revenue to issue the rebates by check or debit card by October 1, 2022. If more funds are needed to issue all rebates, additional money would be appropriated from the state's general fund.

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    of 1

    FILED SENATE

    May 26, 2022


    GENERAL ASSEMBLY OF NORTH CAROLINA
    S.B. 897
    SESSION 2021 PRINCIPAL CLERK
    S D
    SENATE BILL DRS15439-MWa-133

    Short Title: Gas Tax Rebate Act. (Public)


    Sponsors: Senators Blue, Batch, and Garrett (Primary Sponsors).
    Referred to:

    1 A BILL TO BE ENTITLED
    2 AN ACT TO ENACT THE GAS TAX REBATE ACT OF 2022.
    3 The General Assembly of North Carolina enacts:
    4 SECTION 1. This act shall be known as the "Gas Tax Rebate Act of 2022."
    5 SECTION 2. The purpose of this act is to provide a gas tax rebate to assist families
    6 to pay for the high costs of gas and increased food prices associated with the increased fuel costs.
    7 SECTION 3. A person is eligible for a gas tax rebate under this section if the person
    8 is as of March 31, 2022, a North Carolina resident, over the age of 18, and has a valid North
    9 Carolina drivers license.
    10 SECTION 4. The State Controller shall transfer from the anticipated General Fund
    11 revenue over collection of $4,241,300,000 (North Carolina General Fund Revenue Consensus
    12 Forecast: May 2022 Revision) to the Department of Revenue the sum of one billion, three
    13 hundred million dollars ($1,300,000,000) for the purpose of sending a two hundred dollar ($200)
    14 gas tax rebate, issued as a check or a debit card, to each eligible person under this act, and these
    15 funds are hereby appropriated. The Department of Revenue shall send the gas rebate as soon as
    16 practicable, but no later than October 1, 2022.
    17 SECTION 5. If the total value of gas tax rebates issued under this act exceeds the
    18 amount of funds appropriated, then there is appropriated from the General Fund to the
    19 Department an additional amount equal to the difference between the total value of gas rebates
    20 issued and the amount appropriated in section 4 of this act.
    21 SECTION 6. This act becomes effective July 1, 2022.

    *DRS15439-MWa-133*

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