Provides for a fuel tax holiday until the end of the ongoing hostilities with Iran and the reopening of the strait of Hormuz

This bill establishes a temporary fuel tax holiday for motor fuel, diesel, and fuel gas that lasts until hostilities with Iran end and the Strait of Hormuz reopens. It directly affects retail sellers, such as gas stations, and utility companies by exempting them from specific state sales taxes during this period. To ensure consumers see lower prices, the law requires businesses to reduce their fuel rates by the amount of taxes they would have otherwise paid. Additionally, the bill allows these businesses to advertise the tax-free status of their fuel and provides a process for them to receive tax credits for prepaid amounts.