Wednesday, May 09, 2007
A boon for tourism? Texas may waive 20 cent gas tax by summer
A bill is floating through the Texas legislature would give drivers a
relief at the pumps.
The Senate Bill 1886, would cost up to $700 million for the state, but the state has a rainy day fund of $4 billion. Stated Rep. Trey Martinez Fischer, author of the bill, "If there's ever a time to give this money back to the people, I think it's appropriate to do it during the summer driving months."
If approved by a two-thirds vote of both the Texas House and Senate, it could be used as a savy marketing tool for the state in encouraging tourists to flock to Texas for their summer vacation. It may encourage other states to do the same. With the price of gas expected to be approaching $3 a gallon, it would be quite a welcome change.