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AL SB277
Bill
Status
3/1/2022
Primary Sponsor
Larry Stutts
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AI Summary
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Removes the automatic indexing adjustment provision for motor fuel excise taxes established under the Rebuild Alabama Act that was scheduled to begin October 1, 2023.
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Maintains the existing excise tax rates of $0.06 per gallon (effective after August 31, 2019), $0.08 per gallon (effective October 1, 2020), and $0.10 per gallon (effective October 1, 2021) on gasoline and diesel fuel without future adjustments.
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Eliminates the requirement for biennial tax rate adjustments based on the National Highway Construction Cost Index (NHCCI) that would have been capped at $0.01 per gallon increases or decreases.
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Takes effect on the first day of the third month following passage and approval by the Governor.
Legislative Description
Rebuild Alabama Act, removing index provisions, motor fuel excise taxes, Sec. 40-17-370 am'd.
Taxation
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
3/1/2022