Reduces taxes on petroleum products gross receipts to 2016 levels; eliminates review council and State Treasurer's authority to change tax rate.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill reduces the tax on petroleum products gross receipts to the 2016 level, effectively lowering the tax per gallon. It also eliminates the review council and the State Treasurer’s authority to adjust the tax rate. The goal is to decrease the cost of gasoline for consumers and simplify the tax structure.
Bill text
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