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Senate advances indexed fuel excise plan to stabilize road revenue
Summary
Senate Bill 60, amended on the floor, replaces Utah's fixed fuel excise with a base-plus-variable formula tied to a refinery/rack price to keep revenue neutral initially and allow automatic adjustments as fuel prices change; senators debated timing and technical definitions.
The Utah Senate advanced Senate Bill 60 on Feb. 20, approving an amendment requested by industry that converts the state's fixed per‑gallon excise into a base-plus-variable formula tied to a published refinery/rack price.
Sponsor Senator Valentine said the change responds to flat excise revenue amid more cars and greater fuel efficiency. He described the formula as a base (calibrated so the first fiscal year is revenue neutral) plus a percentage of the refinery poster/rack price above a $2.84 baseline.…
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