Utah SB0247 amends motor fuel tax rates and procedures, including adjustments based on statewide average rack prices and specific exemptions.

Utah SB0247 modifies the motor fuel tax rates and procedures in the state. It adjusts the tax rate based on the statewide average rack price of a gallon of motor fuel, with annual adjustments starting from January 1, 2027. The bill also specifies that the minimum statewide average rack price of a gallon of motor fuel cannot be less than $2.39 per gallon and may not exceed the maximum statewide average rack price. Additionally, it outlines exemptions for certain motor fuels, including those used in motorboats and those sold to the United States government or the Navajo Nation.

Utah SB0247 amends motor fuel tax rates and procedures, including adjustments based on statewide average rack prices and specific exemptions.

Utah SB0247 modifies the motor fuel tax rates and procedures in the state. It adjusts the tax rate based on the statewide average rack price of a gallon of motor fuel, with annual adjustments starting from January 1, 2027. The bill also specifies that the minimum statewide average rack price of a gallon of motor fuel cannot be less than $2.39 per gallon and may not exceed the maximum statewide average rack price. Additionally, it outlines exemptions for certain motor fuels, including those used in motorboats and those sold to the United States government or the Navajo Nation.