Bill > SB0125

This bill modifies the Indiana tax code related to gasoline and special fuel taxes by changing the date for the last index factor adjustment from July 1, 2027, to July 1, 2025. Specifically, the bill amends two sections of Indiana law governing the taxation of gasoline and special fuel. Under the current system, the state department calculates an annual tax rate adjustment based on a specific factor, with limitations on how much the rate can increase. The bill accelerates the end date for these annual adjustments by two years, which means the current method of calculating and adjusting gasoline and special fuel tax rates will cease after July 1, 2025. The tax rate adjustments have been designed to allow incremental increases (typically no more than one or two cents per gallon) while providing predictability for consumers and fuel distributors. By moving the end date earlier, the bill potentially limits future tax rate increases sooner than previously planned, though the immediate practical impact may be minimal given the small annual increments.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/senate/125/details