Removes variable rate on motor fuel tax.

Removes the imposition of a variable tax rate on motor fuels. 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.

Pending Committee action.

01/17/2024 Introduced in House. Referred to House Committee on Technology and Infrastructure, then Finance.