Provides for a phased decrease of excise taxes and sales taxes and petroleum business taxes on diesel motor fuel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon; authorizes cities having a population of one million or more and counties to adopt local laws limiting taxes on diesel motor fuel and motor fuel.

Statutes affected:
A11093: 282-a tax law, 282-a(1) tax law, 282-b tax law, 282-c tax law, 284 tax law, 284(1) tax law, 284-a tax law, 284-c tax law, 1105 tax law, 301-a tax law, 1201 tax law, 1202 tax law