HB 2686
An Act amending Title 75 (Vehicles) of the Pennsylvania Consolidated Statutes, in liquid fuels and fuels tax, further providing for definitions.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the definition of ‘average wholesale price’ within Pennsylvania’s vehicle code, specifically concerning liquid fuels and fuels tax. It establishes a tiered system for this price, referencing historical rates and ultimately setting it at $1.87 per gallon starting on or after the effective date of the act. The Department of Revenue is responsible for determining the average wholesale price for the preceding 12-month period until the specified rate is reached.
Key provisions
- Defines ‘average wholesale price’ for liquid fuels and fuels tax.
- Establishes a tiered system for the average wholesale price based on dates.
- Sets the average wholesale price at $1.87 per gallon.
- Requires the Department of Revenue to determine the price annually.
- Specifies the timeframe for Department of Revenue price determination.
- Sets a minimum average wholesale price of $2.99 per gallon.
- Applies the changes to liquid fuels and fuels sold within Pennsylvania.
- Establishes a 60-day period between enactment and effective date.
Who is affected
- Motor fuel retailers
- Pennsylvania Department of Revenue
- Consumers of gasoline and other fuels
- The transportation industry
- Fuel distributors
Notable changes
- Revises the definition of ‘average wholesale price’.
- Introduces a historical pricing structure linked to specific dates.
Sponsors
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