The bill amends sections 5735.50 and 5735.99 of the Revised Code to implement a temporary reduction in motor fuel taxes and establish a temporary retail tax on certain motor fuels. It requires gas stations to provide itemized receipts to customers detailing the gallons purchased, the amount charged per gallon before taxes, and the applicable federal and state motor fuel taxes. Additionally, the bill includes appropriations to compensate for the loss of motor fuel tax revenues and to provide payments to gas stations, with a total appropriation of $726 million for fiscal year 2027.

Key provisions include a temporary reduction in the tax rates on gasoline and diesel fuel to one-hundredth of one cent during a specified period, and a requirement for licensed retail dealers to pass on the tax savings to consumers. The bill also outlines penalties for violations related to the new tax provisions and establishes a process for gas stations to apply for payments based on the difference in tax rates. The act is declared an emergency measure, allowing it to take effect immediately to provide prompt tax relief to Ohio residents.

Statutes affected:
As Introduced: 5735.50, 5735.99