AN ACT COMBINING THE PETROLEUM PRODUCTS GROSS EARNINGS TAX AND THE MOTOR VEHICLE FUELS TAX.

HB 5417 combines the existing petroleum products gross earnings tax and motor vehicle fuels tax into a single tax measured per gallon for gasoline and diesel. This change primarily affects consumers and businesses purchasing fuel, as they will pay one combined tax instead of two separate taxes. The bill modifies the tax structure to simplify collection and reporting while maintaining the same per-gallon tax rate on fuel sales. It does not alter the overall tax burden or create new revenue streams.