Ohio gas tax holiday risks $726M loss

Ohio lawmakers are proposing a bill to suspend the state's gas and diesel taxes for 90 days, costing approximately $726 million, to reduce fuel prices. The temporary relief would lower the current gas tax rate of 38.5 cents per gallon and diesel tax of 47 cents per gallon, while drivers would still pay the federal gas tax. The legislation aims to fund this measure from the state's general revenue fund, with support from Republican legislators, but faces opposition from the governor. The bill requires approval from two-thirds of lawmakers and comes amid political debates over funding sources and broader gas price strategies.

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