Bill > HB5966

This bill temporarily suspends the state's motor fuel tax, meaning the gas tax, by setting the rate to zero cents per gallon. This "gas tax holiday" will remain in effect until November 1, 2026, or until the nationwide average gas price, as reported by the U.S. Energy Information Administration, falls below $3.50 per gallon, whichever comes first. The bill also specifies that any reduction in taxes resulting from this holiday must be passed on to the end consumer, preventing intermediaries from profiting from the tax reduction. Additionally, the tax on alternative fuels, such as compressed natural gas and hydrogen, will also be zeroed out during the period the motor fuel tax is suspended.