HB 60 – Revenue & Taxation- Exempt Motor Fuels from State Sales and Use Taxes

This bill would eliminate the “4th” penny on gas and shift it to the motor fuel tax, currently at 3%, while gradually raising the fuel excise tax from 7.5 cents to 22.5 cents by 2022 and a gradual decrease of the state’s income tax rate to a flat 5.5% by 2022, down from the current rate of 6%. (Summary provided by the Council for Quality Growth)

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