Missouri residents have a unique opportunity to recoup some of their fuel expenses this summer through the state’s tax rebate schemes. With fuel prices still high, this rebate program offers much-needed relief for Missouri drivers. Concerned about high gas taxes, Missouri motorists can know about the requirements and steps necessary to apply for this rebate and save money during one of the most popular seasons for car travel.
Rebate Steps
Missouri drivers need to keep their fuel receipts from July 1, 2023, to June 30, 2024, to apply for the gas tax rebate. The application, due by September 30, 2024, requires filling out form 4923-H, available online. The form needs your vehicle identification number (VIN) and the total gallons of gasoline and diesel purchased and used.
Applicants can get help via phone (573-751-7671 or 800-735-2966) or email. It’s crucial to gather all necessary documents and submit the claim before the deadline to take advantage of this opportunity.
Gas Tax Increase
Senate Bill 262 of 2021 established the gas tax rebate program, which adjusts the state’s gas tax annually. This initiative aims to fund the maintenance and repair of Missouri’s highways and structures. The gas tax, previously at 24 cents per gallon, increased to 27 cents per gallon in July 2024 and will gradually rise to 29 cents per gallon by 2025.
Despite these increases, Missouri remains low in revenue collected per mile of road. Governor Mike Parson has emphasized the importance of a well-maintained transportation network for economic growth. The rebate program strikes a balance, funding infrastructure needs while allowing drivers to reclaim some fuel costs.
Financial Impact
The gas tax rebate may not lead to substantial annual savings, but it offers noticeable relief for heavy car users. In 2022, Missouri drivers received an average rebate of $27 per gallon. While modest, these savings can add up for families, especially when combined with other cost-saving measures.
The rebate program also encourages residents to monitor fuel consumption, promoting financial discipline. Participants directly contribute to state infrastructure improvements while enjoying some financial relief from the tax burden.
Long-Term Savings
Missourians can leverage the gas tax rebate program for long-term savings on fuel costs and support significant infrastructure upgrades. Eligible motorists should carefully track their gasoline purchases and apply for the rebate before the September deadline. Though the individual savings might seem small, this program represents a significant effort by the state to balance infrastructure investment needs with the financial realities of its residents. By participating, Missouri drivers can help enhance their state’s traffic infrastructure while easing their financial burdens during times of fuel price instability.
By taking advantage of the gas tax rebate program, Missouri residents can make a positive impact on their personal finances and contribute to statewide infrastructure improvements. Don’t miss this chance to save some hard-earned money and support the betterment of Missouri’s roads and highways.
FAQs
What is the gas tax rebate deadline?
The deadline is September 30, 2024.
What form do I need to apply?
You need form 4923-H.
How much was the average rebate in 2022?
The average rebate was $27 per gallon.
How can I get help with my application?
Call 573-751-7671 or 800-735-2966.
What is the current gas tax rate?
The gas tax is 27 cents per gallon, increasing to 29 cents in 2025.