A gas tax cut for California motorists. Yes, no need to read twice. Today, the Board of Equalization voted to lower the gasoline excise tax 3.5 cents per gallon as of July 1, 2014.
Board Member and former Senator George Runner said today it's about time, "Our vote today is good news for California taxpayers. This much-needed tax relief will arrive as Californians are on the road for summer vacations.
Lower gas taxes are good for our economy and good for jobs."
Even with this cut Californians will continue to pay one of the highest gas taxes in the nation. Runner says lawmakers also need to scrap the confusing and complicated gas tax formula they enacted in 2010 and replacing it with one that is simple, straightforward and easy to understand.
Elected in November 2010, George Runner represents more than nine million Californians as a member of the State Board of Equalization.