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UT SB0247
Bill
AI Summary
- Increases the minimum average rack price floor for calculating Utah's motor fuel tax from $1.78 to $2.39 per gallon, effective January 1, 2027
- Maintains the 14.2% tax rate applied to the statewide average rack price of motor fuel, with the higher floor resulting in increased tax revenue
- Sets maximum rack price caps of $2.82 per gallon for 2026 and $2.96 per gallon for 2028 and thereafter
- Requires annual Consumer Price Index adjustments to the minimum rack price beginning January 1, 2028
- Takes effect on May 6, 2026
Legislative Description
Road Funding Amendments
Transportation
Last Action
Senate/ filed in Senate file for bills not passed
3/6/2026
Committee Referrals
Revenue and Taxation2/6/2026
Rules2/4/2026
Full Bill Text
No bill text available