SB 288 IN
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Summary
Provides that the gasoline license tax and the special fuel license tax must be imposed at the rate in effect on June 30 of the prior state fiscal year multiplied by the lesser of: (1) the statutory index factor; or (2) 1.02. Provides that the gasoline use tax rate shall be the lesser of the amount as computed under current law or the gasoline use tax rate on June 30 of the prior state fiscal year multiplied by 1.02. Repeals an expired subsection.
Sponsor (1)
- Michael Young Republican · author
Action history (2)
- Jan 13, 2025 Authored by Senator Young M · upper
- Jan 13, 2025 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
NATURAL RESOURCES; Oil and GasolineTAXES; Fuel and Vehicle Taxes
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