SB 1264
An Act amending Title 75 (Vehicles) of the Pennsylvania Consolidated Statutes, providing for consumer gas tax relief and for Commonwealth indebtedness.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill temporarily reduces the state’s gas tax by 100% for a period of 60 days. The reduction is intended to provide consumer gas tax relief. To fund this temporary reduction, the Commonwealth is authorized to incur up to $435 million in additional debt, which will be repaid from the Motor License Fund. The debt will be managed according to the Capital Facilities Debt Enabling Act.
Key provisions
- Reduces the gas tax by 100% for 60 days.
- Authorizes the Commonwealth to borrow up to $435,000,000.
- Debt repayment will be from the Motor License Fund.
- The reduction applies to taxes imposed on gasoline under Chapters 90 and 95.
- Defines ‘Capital project’ as infrastructure projects for highway or bridge maintenance or construction.
- References the Capital Facilities Debt Enabling Act and the Internal Revenue Code.
- Specifies that proceeds from obligations are appropriated to the department for capital projects.
Who is affected
- Pennsylvania Consumers
- Motorists
- The Commonwealth of Pennsylvania
- The Department of Transportation
- The State Treasurer
Notable changes
- Temporarily suspends the gas tax rate.
- Authorizes the issuance of new debt to cover the tax reduction.
- Specifies the source of repayment for the debt (Motor License Fund).
Fiscal impact
Sponsors
Official sponsors from legislative records.
Primary sponsor
Lisa Boscola
Cosponsor
Judith Schwank
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