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2024 SESSION

• | print version

HB 854 Gasoline and diesel fuel; lowers rate of tax.

Introduced by: N. Baxter Ennis | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Rate of tax on gasoline and diesel fuel. Lowers the rate of tax on gasoline and diesel fuel on July 1, 2024, from 26.2 cents per gallon to 21.2 cents per gallon on gasoline and from 27 cents per gallon to 20.2 cents per gallon on diesel fuel, which are the rates that were in effect before July 1, 2021. The bill provides that the rate of tax on gasoline and diesel fuel will return to 26.2 and 27 cents per gallon, respectively, on July 1, 2025, and will be indexed based on the change in the United States Average Consumer Price Index occurring between 2021 and 2024; thereafter, the rate will be indexed annually.

FULL TEXT

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24102120D  pdf | impact statement

HISTORY

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24102120D
• 01/09/24  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #2
• 02/13/24  House: Left in Finance