Pennsylvania SB1264 provides a 100% reduction in the consumer gas tax for 60 days and authorizes debt for capital projects.
Pennsylvania SB1264 amends Title 75 to provide a 100% reduction in the consumer gas tax for 60 days, exempting consumers from the tax imposed on liquid fuels. The bill also authorizes the Commonwealth to incur debt, up to $435 million, to cover debt service and arbitrage rebates, with repayment charged to the Motor License Fund. The proceeds from the debt are to be used exclusively for capital projects during the tax relief period.
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