SB 1265
An Act amending Title 75 (Vehicles) of the Pennsylvania Consolidated Statutes, providing for consumer diesel fuel 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 Pennsylvania diesel fuel tax by 100% for 60 days. The reduction is intended to provide consumer relief. To finance this temporary tax cut, the Commonwealth is authorized to borrow up to $197 million, which will be repaid from the Motor License Fund. The debt will be incurred according to the Capital Facilities Debt Enabling Act.
Key provisions
- Reduces the diesel fuel tax by 100% for a period of 60 days.
- The reduction applies to the tax imposed on diesel fuel as defined in the bill.
- Authorizes the Commonwealth to borrow up to $197,000,000 to cover the cost of the tax reduction.
- Debt repayment will be from the Motor License Fund.
- The borrowing is governed by the Capital Facilities Debt Enabling Act.
- Defines key terms such as ‘Capital Facilities Debt Enabling Act’ and ‘Capital project’.
- Specifies that the reduction applies notwithstanding existing chapters on liquid fuels and fuels tax.
- Allocates funds from the Motor License Fund for debt service and arbitrage rebates.
Who is affected
- Pennsylvania Consumers
- Diesel Fuel Users
- Motor Fuel Taxpayers
- The Commonwealth of Pennsylvania
- The Motor License Fund
Notable changes
- Temporarily suspends the diesel fuel tax.
- Authorizes borrowing to cover the cost of the tax suspension.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Lisa Boscola
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