Transportation: motor fuel tax; gas tax holiday; provide for. Amends secs. 8 & 152 of 2000 PA 403 (MCL 207.1008 & 207.1152). TIE BAR WITH: HB 6146'26

This bill amends the Michigan Motor Fuel Tax Act to establish a temporary gas tax holiday that activates if the statewide average price of gasoline reaches $5.00 per gallon before the end of 2026. Under this provision, the tax rate would drop to zero cents per gallon for a three-month period, with the lost revenue automatically transferred from a state stabilization fund to the Michigan Transportation Fund. The legislation also updates the general tax rate structure to include annual adjustments based on inflation or a fixed 5% increase, whichever is lower, while maintaining specific rates for fuel held in storage as of the end of 2025. Additionally, the bill clarifies reporting requirements for fuel suppliers and terminals to ensure accurate tracking of blended products and tax liabilities.