CA SB32

Suspends the motor vehicle fuel tax (currently 18 cents per gallon plus additional taxes) for one year beginning on the effective date of the bill.

Suspends the Low Carbon Fuel Standard regulations for one year and exempts transportation fuel suppliers from market-based compliance mechanism regulations during that period.

Requires sellers of motor vehicle fuels to provide receipts indicating the amount of tax that would have applied, and mandates that all savings from the tax suspension be passed on to end consumers (not resellers) or face unfair business practice penalties.

Directs the State Controller to transfer funds from the General Fund to the Motor Vehicle Fuel Account and the Greenhouse Gas Reduction Fund to replace suspended tax revenues, adjusted for inflation based on 2021-22 fiscal year collections.

Takes effect immediately as an urgency statute to provide relief to California residents facing inflation and high fuel prices.