Session: 102nd General Assembly
Year: 2021
Bill #: SB0157
Category: Revenue
Position: No position
Revenue Loss?
Authority Preemption?

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Revenue omnibus package that includes the following tax relief provisions, none of which will negatively impact local tax collections: (1) temporary, six-month suspension (July 1, 2022 through December 31, 2022) of the state’s scheduled inflationary increase of Motor Fuel Tax (MFT); (2) sales tax holiday on school supplies (August 5, 2022, through August 14, 2022); (3) temporary, one-year suspension of the sales tax on groceries, but not pharmaceuticals. The bill includes reimbursements for local units of government from the newly-created Grocery Tax Replacement Fund; and (4) one-time property tax rebate of up to $300 for specified taxpayers and a one-time income tax rebate of $50 for single filers, $100 for joint filers, with an additional $100 for each dependent (up to three dependents) for certain taxpayers based on their adjusted gross income.

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