Reduces tax on motor fuel by 50%.

Reduce the West Virginia tax on gasoline by 50%. According to our interpretation, the bill provides for the minimum determined average wholesale price of motor fuel to be $3.04 per gallon and the minimum variable tax to be 7.6 cents per gallon. The effective date of the legislation is July 1, 2023. The Motor Fuel Tax is composed of two separate components: the flat rate and a variable component. The flat rate is currently set at $0.205 per invoiced gallon. The variable rate is equal to 5 percent of the determined average wholesale price of motor fuel. Current W. Va. Code �11-15-18b provides that, the average wholesale price used in the calculation of the variable component cannot be less than $3.04 per gallon. Application of the variable rate of 5 percent to the minimum average wholesale price of $3.04 results in a minimum variable tax of 15.2 cents per gallon.

Dead.

01/16/2023 Introduced in House. Referred to House Committees on Technology and Infrastructure, and Finance.
03/01/2023 Missed crossover deadline.