Gasoline and diesel fuel; lowers rate of tax.

Rate of tax on gasoline and diesel fuel.Lowers the rate of tax on gasoline and diesel fuel on July 1, 2024,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,which are the rates that were in effect before July 1, 2021. Thebill provides that the rate of tax on gasoline and diesel fuel willreturn to 26.2 and 27 cents per gallon, respectively, on July 1,2025, and will be indexed based on the change in the United StatesAverage Consumer Price Index occurring between 2021 and 2024; thereafter,the rate will be indexed annually.