(Doc Name h:\legwork\house\amend\h-wm\006\motor fuel user fee.docx):
EXPLANATION: Sets motor fuel user fee, "C" fund amounts, and allows for a tax credit.
Amend the bill, as and if amended, Part IB, Section 117, GENERAL
PROVISIONS, page 537, after line 24, by adding an appropriately
numbered paragraph to read:
/(GP: Motor Fuel User Fee) (A) The motor vehicle user fee imposed upon gasoline, diesel and other such fuels, shall be set at twenty-six cents a gallon.
(B) The amount of the user fee shall increase or decrease by the percentage change in the wholesale price of motor fuel subject to the user fee in the applicable base period. Two base periods for calculating the percentage change in the whole sale price shall be set from July first to December thirty-first, and January first to June thirtieth within the current fiscal year. The percentage change calculations shall be determined by September thirtieth and March thirtieth, so that the adjustment percentage may be calculated for the following six-month based period. The Department of Transportation must determine the change in the average wholesale price of motor fuel for each base period. The department must use information on refiner and gas plant operator sales prices of finished motor gasoline and diesel fuel for resale, published by the United States Department of Energy in the 'Monthly Energy Review', or equivalent data. The department must use a weighted average of the results for each motor fuel based on the proportion of user fee collected to the base period. The department must then convert the weighted average price to a cents-per-gallon rate for all motor fuel and round the rate to the nearest one-tenth of a cent. If the converted cents-per-gallon rate is exactly between two-tenths of a cent, the department must round the rate up to the higher of the two.
(C) The proceeds of the user fee transferred to the "C" fund program shall be set at three and one-half cents a gallon.
(D) Donor fund distributions, as related to the collection and transfer of the portion of motor fuel user fee designated for the "C" fund program, are suspended in the current fiscal year.
(E) For tax year 2014, there is allowed a refundable income tax credit equal to twenty-six dollars for every motor vehicle registered to the taxpayer that is licensed in this State. The taxpayer only may claim the credit if there are no delinquent property taxes owed on the motor vehicle./
Renumber sections to conform.
Amend totals and titles to conform.