An Act to replace the motor vehicle excise tax with a gas tax adjustment

This bill replaces the current motor vehicle excise tax with a gas tax adjustment to maintain municipal revenue levels. It directly affects municipalities (which lose the vehicle tax revenue) and drivers (whose gas tax rates may change). Municipalities must submit vehicle registration data and revenue calculations to the Department of Revenue, which then adjusts the gas tax per gallon to match the total revenue previously collected under the old vehicle tax system. The Department redistributes the calculated revenue amount to each municipality based on its historical vehicle tax collections.