The bill introduced in the 136th General Assembly aims to temporarily reduce motor fuel tax rates in Ohio in response to rising fuel prices. Specifically, during the designated "temporary reduction period," which begins on the first day of the month following the bill's effective date and lasts for three months, the tax rate on gasoline will be set at nineteen and one-quarter cents per gallon. Additionally, the tax rates on compressed natural gas and other motor fuels will be adjusted to twenty-three and one-half cents per gallon. Furthermore, the revenue generated from these taxes will be distributed according to existing laws, but any specified cents per gallon rate or dollar amount related to that distribution will be halved.

The bill also stipulates that the director of agriculture is not required to produce and distribute fuel tax notices reflecting the new rates during the temporary reduction period. This legislation is classified as an emergency measure, emphasizing its urgency to address the immediate economic pressures caused by increasing motor fuel prices, and it is set to take effect immediately upon passage.