Bill > HB5585

This bill increases the motor fuel tax and earmarks the additional revenue into the transportation fund. Specifically, it adds an additional tax on gasoline and diesel fuel based on a percentage of the average wholesale price, starting at 2% in 2020 and increasing to 6% by 2022 and thereafter. The bill also defines key terms like "average wholesale diesel fuel price" and "average wholesale gasoline price" and requires the Department of Treasury to publish the tax rates in advance. This bill is tied to the passage of several other related bills.