IN HB 1518
Eliminates annual index factor for fuel tax rates beginning 7/1/2021.
A 2017 state law increased the gas and diesel rates by a dime. The 11-cent surcharge tax on diesel also increased by 10 cents and started being collected at the pump instead of being collected quarterly through tax filing reports. In addition, tax rates were set to be indexed on an annual basis through 2024.
As a result, the gas and diesel rates now are set at 31 cents and 51 cents per gallon.
This bill eliminates the annual index factor and reverts the gas and diesel taxes to the rates in effect on June 30, 2020. As a result, the gas tax would be set at 30 cents per gallon and diesel would be 49 cents.
Died upon adjournment.
01/14/2021 First reading in House. Referred to House Committee on Roads and Transportation.
04/29/2021 Died in Committee.