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Senate committee backs bill to lock Utah motor-fuel tax floor amid revenue concerns
Summary
The Senate Revenue and Taxation Committee voted unanimously to favorably recommend SB 247, which resets the gas tax floor to today’s rate (37.9¢/gal) to prevent automatic reductions tied to volatile rack prices. Supporters said it preserves funding for local B and C road programs; critics warned it removes a mechanism for occasional tax relief.
The Senate Revenue and Taxation Committee voted to favorably recommend Senate Bill 247, a measure that would reset Utah’s motor fuel tax floor to the current 37.9 cents per gallon and prevent future automatic reductions tied to benchmark rack prices.
Senator Buss, sponsor of SB 247, told the committee the bill “is freezing the floor that already exists on today's gas tax,” saying it “resets the floor to the current rate of 37.9¢ per gallon by updating the floor rack price.” She described the change as correcting an unintended mechanism in 2023 law that allowed the tax to…
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