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6/7/04-Gov. Jeb Bush signed legislation May 20 knocking 8 cents per gallon off the state’s gasoline tax throughout August.
Suppliers are expected to pass the break on to wholesalers, who in turn will give it to retailers, whom lawmakers expect to cut prices at the pumps.
The break will mean a $35.5 million reduction in state revenue. The gas-tax holiday will cut the money coming into the state’s road-building fund by an estimated $60 million, but the bill – H237 – requires that money to be replaced by shifting dollars from the state’s general revenue fund.
4/29/04-Florida lawmakers reached an agreement April 27 on a new $58 billion state budget, clearing the way for a timely conclusion of their annual session April 30.
Included in the budget is an 8-cent-per-gallon tax break on gasoline this August.
The agreement followed a concession by House lawmakers who initially sought a 10-cent cut. The Senate was reluctant to approve the dime amount because of concerns that the savings would not reach consumers.
4/21/04-Motorists in Florida could get a 10-cent-per-gallon tax break on gasoline this August under a bill approved April 20 by the House Appropriations Committee. The proposal has no provision for diesel fuel.
Florida drivers have been paying record fuel prices for weeks – the average price of a gallon of fuel in the state Tuesday was more than $1.75 per gallon – so the measure could be a popular one-month tax break for some as the November elections approach.
Under the plan, $67.8 million would be transferred from the state’s general fund into the highway trust fund, which is filled by the fuel tax.
The state Transportation Department estimates that having the break in August would cost the fund about $72 million.
The proposal now heads to the full House for a vote. If approved, it would go to the Senate





