Provides for calculation of rates for gasoline and special fuel tax, and Gasoline Use Tax.

Provides that the gasoline license tax and the special fuel license tax must be imposed at the rate in effect on June 30 of the prior state fiscal year multiplied by the lesser of: (1)
the statutory index factor; or (2) 1.02. It provides that the Gasoline Use Tax (GUT) rate shall be the lesser of the amount as computed under current law or the GUT rate on June 30 of the prior state fiscal year multiplied by 1.02.

Pending Committee action.

01/13/2025 First reading. Referred to Senate Committee on Tax and Fiscal Policy.