Eliminates Treasurer's authority to annually adjust petroleum products gross receipts tax.

This bill removes the State Treasurer's authority to annually adjust the tax rates on petroleum products based on changing fuel prices. It freezes the tax rates at levels determined by 2016 data, eliminating future quarterly or annual adjustments tied to average retail fuel prices. This directly affects petroleum companies that pay the tax on gasoline, diesel, and other fuels, as their tax burden will no longer automatically change with market prices. The bill ensures tax rates remain fixed at the 2016 benchmark, preventing future adjustments by the Treasurer.