Change provisions relating to taxes imposed on the average wholesale price of gasoline

This Nebraska bill proposes to modify how a specific gasoline tax is calculated and collected, directly affecting producers, suppliers, distributors, wholesalers, importers, and retailers. The legislation would set a minimum average wholesale price of $2.44 per gallon for tax purposes starting in 2025 and establish a cap to ensure the tax rate change does not exceed one cent per gallon between calculation periods. All revenue generated from this tax would be directed to the Highway Trust Fund, which would then distribute the money to the state Department of Transportation, counties, and municipalities for road and street projects. Although the bill outlines these specific financial and procedural changes, it was indefinitely postponed in August 2024 and did not become law.