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DE SB336
Bill
Status
6/23/2022
Primary Sponsor
Colin Bonini
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AI Summary
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Suspends state motor fuel taxes (gasoline and special fuel) for 365 days from the bill's enactment into law.
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Creates the Motor Fuel Tax Holiday Fund, funded from the Delaware General Fund in an amount consistent with the May 2022 Delaware Economic and Financial Advisory Council's projected motor fuel tax revenues for fiscal year 2023.
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Designates the Motor Fuel Tax Holiday Fund to maintain Delaware's bond rating and ensure funding availability for the Transportation Trust Fund during the tax holiday period.
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Requires the fund to be subject to all restrictions and requirements imposed on the Transportation Trust Fund under Title 2, Chapter 14 of the Delaware Code and Article VIII of the Delaware Constitution.
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Act automatically expires 365 days after enactment unless the General Assembly votes to extend it.
Legislative Description
An Act To Amend Title 30 Of The Delaware Code Relating To The Motor Fuel Tax And The Creation Of The Motor Fuel Tax Holiday Fund.
Last Action
Introduced and Assigned to Executive Committee in Senate
6/23/2022