Bill > HB0301

This bill makes several changes to transportation-related taxes in Utah: 1. It adds an additional $7 to the vehicle registration fee starting January 1, 2024, and an additional $5 for a six-month registration. These fees will be annually adjusted for inflation. 2. It reduces the state motor fuel tax rate from 16.5% to 14.2% of the statewide average rack price per gallon, but temporarily increases the rate to 34.5 cents per gallon from July 1, 2023 to December 31, 2023. It also adjusts the maximum statewide average rack price over time. 3. It creates a new 12.5% tax on the retail sale of electricity sold by electric vehicle charging station operators, as well as on charging station subscriptions. The revenue from this new tax will be deposited into the Transportation Fund. The bill aims to adjust transportation-related taxes and fees in Utah, with the changes to motor fuel taxes and the new electric vehicle charging tax intended to help fund transportation infrastructure and programs.