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NC S897

NC S897
Gas Tax Rebate Act


summary

Introduced
05/26/2022
In Committee
05/27/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 Session

Bill Summary

Gas Tax Rebate Act

AI Summary

This bill, known as the "Gas Tax Rebate Act of 2022," aims to provide a $200 gas tax rebate to eligible North Carolina residents over the age of 18 with a valid driver's license as of March 31, 2022. The purpose is to assist families in paying for the high costs of gas and increased food prices associated with rising fuel costs. The State Controller will transfer $1.3 billion from the anticipated General Fund revenue over-collection to the Department of Revenue to issue the rebates, which must be sent out by October 1, 2022. If the total value of rebates exceeds the appropriated funds, additional funds will be appropriated from the General Fund to cover the difference. The bill becomes effective on July 1, 2022.

Sponsors (17)

Last Action

Ref To Com On Rules and Operations of the Senate (on 05/27/2022)

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