Suspends motor vehicle fuel taxes in California for one year to lower gas prices.

California AB1058 suspends the state's motor vehicle fuel taxes for one year to provide relief to motorists. The suspension applies to taxes on the removal, entry, and sale of motor vehicle fuel. Any savings from the suspension must be passed on to end consumers. The bill also includes provisions for adjustments to tax rates and requires the Controller to transfer certain revenues to the Motor Vehicle Fuel Account in the Transportation Tax Fund. The act is deemed an urgency statute, necessary for immediate preservation of public peace, health, or safety.

Suspends motor vehicle fuel taxes in California for one year to lower gas prices.

California AB1058 suspends the state's motor vehicle fuel taxes for one year to provide relief to motorists. The suspension applies to taxes on the removal, entry, and sale of motor vehicle fuel. Any savings from the suspension must be passed on to end consumers. The bill also includes provisions for adjustments to tax rates and requires the Controller to transfer certain revenues to the Motor Vehicle Fuel Account in the Transportation Tax Fund. The act is deemed an urgency statute, necessary for immediate preservation of public peace, health, or safety.