AN ACT RELATING TO MOTOR AND OTHER VEHICLES -- MOTOR FUEL TAX
Maddy summaryHB 5468 proposes to modify how the state's motor fuel tax is adjusted for inflation. Beginning July 1, 2025, and every two years thereafter, the gasoline tax rate will be updated based on the percentage increase in the Consumer Price Index for all Urban Consumers. The bill specifies that this adjustment will now reflect inflation over the preceding two-year period, rather than the current one-year period. The updated tax rate will be rounded to the nearest cent and cannot fall below the existing 32 cents per gallon, affecting motor fuel distributors and ultimately consumers.
Budget & TaxesSupports Budget & TaxesModifies motor fuel tax adjustment to inflation every two years, maintaining revenue stability and promoting fiscal responsibility in budget management.
TransportationSupports TransportationAdjusts motor fuel tax for inflation to maintain stable transportation infrastructure funding, preventing erosion of revenue from rising costs.
died May 21, 2025
0 co-sponsors