MO SB970

Establishes a three-tier tax rate for compressed natural gas fuel: 5 cents per gasoline gallon equivalent until December 31, 2019; 10 cents per gasoline gallon equivalent from January 1, 2020 through December 31, 2024; and 15 cents per gasoline gallon equivalent thereafter.

Establishes a three-tier tax rate for liquefied natural gas fuel: 5 cents per diesel gallon equivalent until December 31, 2019; 11 cents per diesel gallon equivalent from January 1, 2020 through December 31, 2024; and 17 cents per diesel gallon equivalent thereafter.

Defines compressed natural gas gasoline gallon equivalent as 5.66 pounds or 126.67 cubic feet measured at 14.7 pounds per square inch and 60 degrees Fahrenheit.

Defines liquefied natural gas diesel gallon equivalent as 6.06 pounds of liquefied natural gas.

Exempts vehicles powered by compressed natural gas and liquefied natural gas from paying annual alternative fuel decal fees and instead requires they pay only the per-gallon equivalent taxes established in this section.