SB541:

Gasoline and diesel fuel; lowers the rate of tax on July 1, 2022.

Bill Summary:

Rate of tax on gasoline and diesel fuel.
Lowers the rate of tax on gasoline and diesel fuel on July 1, 2022,
from 26.2 cents per gallon to 21.2 cents per gallon on gasoline and
from 27 cents per gallon to 20.2 cents per gallon on diesel fuel,
the rates that were in effect before July 1, 2021. The bill provides
that the rate of tax on gasoline and diesel fuel will return to 26.2
and 27 cents per gallon, respectively, on July 1, 2023, and will
be indexed based on the change in the United States Average Consumer
Price Index; thereafter, the rate will be indexed annually.