Michigan HB5434 amends the Motor Carrier Fuel Tax Act to include electric fuel in the tax on motor carriers.

Michigan HB5434 amends the Motor Carrier Fuel Tax Act to impose a tax on the use of electric fuel by motor carriers within the state. The tax rate is set at 15 cents per gallon, similar to the tax on motor fuel and alternative fuel. The bill defines "electric fuel" and includes it alongside motor fuel and alternative fuel in the tax calculations. It also outlines the licensing requirements for motor carriers, including the need for a surety bond and the keeping of records.

Michigan HB5434 amends the Motor Carrier Fuel Tax Act to include electric fuel in the tax on motor carriers.

Michigan HB5434 amends the Motor Carrier Fuel Tax Act to impose a tax on the use of electric fuel by motor carriers within the state. The tax rate is set at 15 cents per gallon, similar to the tax on motor fuel and alternative fuel. The bill defines "electric fuel" and includes it alongside motor fuel and alternative fuel in the tax calculations. It also outlines the licensing requirements for motor carriers, including the need for a surety bond and the keeping of records.