Establishes a phased decrease of taxes on diesel motor fuel and motor fuel when average price of motor fuel exceeds $2.25 per gallon.

Provides for a phased decrease of excise taxes and sales taxes and petroleum business taxes on diesel motor fuel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon; authorizes cities having a population of one million or more and counties to adopt local laws limiting taxes on diesel motor fuel and motor fuel.

Carries-over to 2024. Pending Committee action.

01/19/2023 Referred to Senate Committee on Budget and Revenue.