Bill > A11093

This bill proposes to reduce state excise taxes, sales taxes, and petroleum business taxes on diesel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon, with the taxes being fully suspended if the average price reaches $3.00 per gallon, and then gradually reinstated as the price falls back down. Additionally, it authorizes cities with a population of one million or more and counties to enact their own local laws to limit these taxes on diesel and motor fuel, ensuring that any tax reductions are passed on to consumers by requiring sellers to lower their prices accordingly.