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

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 andfrom 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 providesthat the rate of tax on gasoline and diesel fuel will return to 26.2and 27 cents per gallon, respectively, on July 1, 2023, and willbe indexed based on the change in the United States Average Consumer Price Index; thereafter, the rate will be indexed annually.