SB2360 amends the Motor Fuel Tax Law to adjust tax rates and suspend a CPI-based increase.

SB2360 amends the Motor Fuel Tax Law by setting specific tax rates for motor fuel from July 1, 2020, through July 1, 2023. It suspends the July 1, 2025, tax increase based on the Consumer Price Index. The bill also mandates retailers to post a notice about the suspension of the tax increase from July 1, 2022, through December 31, 2022. Additionally, it prohibits the sale of 1-K kerosene for use in motor vehicles and outlines conditions for its permissible use. The bill takes effect immediately upon becoming law.

SB2360 amends the Motor Fuel Tax Law to adjust tax rates and suspend a CPI-based increase.

SB2360 amends the Motor Fuel Tax Law by setting specific tax rates for motor fuel from July 1, 2020, through July 1, 2023. It suspends the July 1, 2025, tax increase based on the Consumer Price Index. The bill also mandates retailers to post a notice about the suspension of the tax increase from July 1, 2022, through December 31, 2022. Additionally, it prohibits the sale of 1-K kerosene for use in motor vehicles and outlines conditions for its permissible use. The bill takes effect immediately upon becoming law.