TX HB 2218
Authorizes annual gas and diesel tax rate change based on the Consumer Price Index.
Proposes that, on January 1 of each year, the rate of the gasoline tax is increased or decreased by a percentage that is equal to the consumer price index percentage change for the preceding fiscal year. Not later than November 1 of each year, the comptroller shall compute the new tax rate as provided by this section; and give the new tax rate to the secretary of state for publication in the Texas Register; and notify each applicable license holder of the applicable new tax rate.
03/15/2021 Read first time. Referred to House Committee on Ways & Means.
05/31/2021 Died upon adjournment.