Suspends the Low Carbon Fuel Standard and related taxes for a year to provide relief from inflation and high gas prices.

California SB1035 suspends the Low Carbon Fuel Standard and related motor vehicle fuel taxes for one year to provide relief from inflation and high gas prices. The suspension applies to the period beginning on the effective date of this section and ending one year later. The tax rates are adjusted annually based on the California Consumer Price Index. Savings from the suspension must be passed on to end consumers. Violation of the suspension provisions is considered an unfair business practice.

Suspends the Low Carbon Fuel Standard and related taxes for a year to provide relief from inflation and high gas prices.

California SB1035 suspends the Low Carbon Fuel Standard and related motor vehicle fuel taxes for one year to provide relief from inflation and high gas prices. The suspension applies to the period beginning on the effective date of this section and ending one year later. The tax rates are adjusted annually based on the California Consumer Price Index. Savings from the suspension must be passed on to end consumers. Violation of the suspension provisions is considered an unfair business practice.