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IN HB1131
Bill
Status
1/7/2016
Primary Sponsor
Milo Smith
Click for details
AI Summary
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Imposes a supplemental motor fuel tax on gasoline and special fuel purchases in Indiana, effective July 1, 2016, calculated based on the base motor fuel price (retail price minus state and federal taxes).
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Tax decreases on a tiered scale from 10 cents per gallon when base price is under $1.55 to zero when base price reaches $3.50 or higher, with intermediate rates of $0.07, $0.05, $0.03, and $0.01 at specified price thresholds.
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Tax applies to all motor fuel consumers except purchases exempt from gasoline or special fuel tax, with liquid and compressed natural gas conversions using diesel and gasoline gallon equivalents for calculation.
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Department of State Revenue must deposit all supplemental motor fuel tax revenue into the Highway, Road and Street Fund for infrastructure funding.
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Carriers pay the supplemental motor fuel tax using the same collection procedures as the state motor carrier fuel tax, with returns filed separately or combined with regular fuel tax filings as prescribed by the department.
Legislative Description
Supplemental motor fuel tax. Imposes a supplemental motor fuel tax on the use of gasoline and special fuel in Indiana as long as the base motor fuel price (defined as the total price of the fuel minus state and federal taxes) is under $3.50. Provides that the supplemental motor fuel tax decreases from 10 cents to zero as the base motor fuel price increases. Requires the department of state revenue to deposit revenue from the supplemental motor fuel tax in the highway, road and street fund.
Last Action
First reading: referred to Committee on Roads and Transportation
1/7/2016