Removes variable rate tax on motor fuels and reduces the flat rate tax to 20.0 cents per gallon.

Removes the imposition of the variable rate tax on motor fuels and reduce the flat rate tax to 20.0 cents per gallon. Under current code, the motor fuel excise tax is composed of a flat rate tax of 20.5 cents per invoiced gallon and a variable rate tax which is 5 percent of the average wholesale price of each motor fuel as determined annually by the State Tax Commissioner.

Dead.

01/10/24 Introduced in House. Referred to House Committee on Technology and Infrastructure, and then Finance.
02/28/2024 Missed crossover deadline.