State Senate
ORG
State Senate Senate
The State Senate passed a bill that would grant a tax cut to giant oil companies, even as they are reporting record profits, as well as to independent distributors that bring oil into the state. The measure passed by the Senate would help considerably because fuel taxes typically cost about $900 a year. The bill passed by the State Senate would cut sales taxes on gasoline at prices above $2 a gallon, or by about 4 cents a gallon at current prices.