Limits annual adjustment of fuel tax to a max of 2%.

Existing law requires an annual adjustment of the fuel tax imposed by increasing the rates based on the California Consumer Price Index. This bill would limit the annual adjustment to a maximum of 2% for rate adjustments made on or after July 1, 2023. This bill would take effect immediately as a tax levy.

May be heard in Committee 2/10/22.

01/10/2022 Read first time.