Bill > S02174

This bill provides for a phased decrease of excise taxes and sales taxes and petroleum business taxes on diesel motor fuel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon. The bill also authorizes cities having a population of one million or more and counties to adopt local laws limiting taxes on diesel motor fuel and motor fuel. Key provisions include reducing tax rates incrementally as fuel prices rise, suspending taxes entirely if prices reach $3 per gallon or more, and requiring retailers to pass along any tax reductions to consumers. The bill aims to provide relief to consumers when fuel prices are high.