Texas HB326 adjusts gasoline and diesel fuel tax rates annually based on the cost of highway projects.

Texas HB326 modifies the tax rates for gasoline and diesel fuel to be adjusted annually according to the highway cost index. This index is calculated as the 12-month moving average of the price of materials and labor used in state highway projects. The tax rate changes take effect on January 1 each year. The bill also imposes a backup tax on certain activities involving untaxed fuel and mandates the comptroller to compute and publish the new tax rates. The changes will be effective starting January 1, 2026.

Texas HB326 adjusts gasoline and diesel fuel tax rates annually based on the cost of highway projects.

Texas HB326 modifies the tax rates for gasoline and diesel fuel to be adjusted annually according to the highway cost index. This index is calculated as the 12-month moving average of the price of materials and labor used in state highway projects. The tax rate changes take effect on January 1 each year. The bill also imposes a backup tax on certain activities involving untaxed fuel and mandates the comptroller to compute and publish the new tax rates. The changes will be effective starting January 1, 2026.