Gas Tax Reduction Act withholds 8% of federal funds from states with gas taxes at or above $0.50 per gallon.
The Gas Tax Reduction Act mandates the withholding of 8% of federal funds apportioned to states under certain sections if their gas tax is $0.50 per gallon or higher. This withholding applies starting the fiscal year after the bill's enactment. The act aims to incentivize states to lower their gas taxes.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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