MI HB5434

Adds "electric fuel" to the Motor Carrier Fuel Tax Act, requiring motor carriers operating qualified commercial vehicles to pay road taxes on electricity used to power their vehicles in addition to existing taxes on motor fuel and alternative fuels

Establishes a formula for calculating electric fuel road tax: the motor fuel tax rate divided by the fleet's average miles per gallon equivalent, multiplied by miles driven on Michigan public roads

Defines "electric fuel" by reference to the Motor Fuel Tax Act (section 207.1157), incorporating the term into licensing, reporting, and tax collection requirements for motor carriers

Requires motor carriers to maintain records of electric fuel purchases and consumption for at least 4 years, and authorizes the department to examine these records for tax verification

Contingent on enactment of House Bill No. 5433 and House Bill No. 5435 from the 103rd Legislature