SB3986 amends the Motor Fuel Tax Law to suspend the July 1, 2026 tax increase based on the Consumer Price Index.
SB3986 amends the Motor Fuel Tax Law by preventing the scheduled July 1, 2026 tax increase based on the Consumer Price Index. The bill also mandates that retailers post a notice on fuel pumps from July 1, 2022, through December 31, 2022, informing customers of the suspension of the tax increase. Failure to post the required notice results in a fine of $500 per day per retail premises. The bill takes effect immediately upon becoming law.
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