Michigan HB6147 amends motor fuel tax rates and introduces a gas tax holiday if gasoline prices reach $5.00 per gallon before December 31, 2026.
Michigan HB6147 amends sections 8 and 152 of the 2000 Michigan Public Acts, modifying the motor fuel tax rates. The bill introduces a gas tax holiday, setting the tax rate to zero cents per gallon for three months if the statewide average gasoline price reaches $5.00 per gallon before December 31, 2026. The tax holiday can only be applied once. The bill also details tax rates for different periods, tax exemptions, and requirements for suppliers and importers. The tax rates are determined by the Michigan Department of Transportation based on the Consumer Price Index and inflation rates.
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