H77 - DOT 2020-2021 FY Budget/Governance. (SL 2020-91)

Overview: Section 4.2 of S.L. 2020-91 sets a temporary floor on the motor fuel excise tax rate such that the 2021 rate cannot be lower than the current rate of 36.1¢ per gallon. Effective July 1, 2020, this change is expected to increase revenue by $20.2 million in FY 2020-21 and $33.4 million in FY 2021-22.

This section became effective July 1, 2020.