Bill

Bill > AB53


CA AB53

CA AB53
Motor Vehicle Fuel Tax Law: suspension of tax.


summary

Introduced
12/05/2022
In Committee
03/30/2023
Crossed Over
Passed
Dead
02/01/2024

Introduced Session

2023-2024 Session

Bill Summary

An act to amend Sections 7360, 7362, 7363, and 7364 of, and to add Section 7374 to, the Revenue and Taxation Code, relating to taxation, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately.

AI Summary

This bill would suspend the imposition of the state motor vehicle fuel tax for one year. It requires that any savings realized from the tax suspension be passed on to end consumers, and makes the violation of this requirement an unfair business practice. The bill also directs the Controller to transfer funds from the General Fund to the Motor Vehicle Fuel Account to offset the revenue loss from the tax suspension. The bill is declared an urgency statute to immediately lower gas prices and provide relief to California motorists.

Committee Categories

Transportation and Infrastructure

Sponsors (9)

Last Action

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (on 02/01/2024)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...