The bill amends existing laws related to the taxation and revenue of alternative fuels, specifically focusing on electric vehicles and their charging infrastructure. It introduces a per kilowatt hour license tax on electricity used to charge all-electric vehicles at DC fast charging stations, set at four cents ($0.04) per kilowatt hour. Additionally, it establishes an annual decal fee of $200 for all-electric vehicles and $100 for plug-in hybrid vehicles. The bill also includes new definitions for "all-electric vehicle," "charge," and "DC fast charging station," while repealing obsolete provisions and requiring the Department of Transportation to create necessary rules for implementation.

Key amendments include the clarification of taxable events and compliance procedures for alternative fuel usage, which now encompasses both gallons and kilowatt hours. The bill removes previous references to electricity in the context of gasoline gallon equivalents and establishes a more comprehensive framework for reporting and collecting taxes on alternative fuels. The effective date for the bill is set for July 1, 2024, with specific sections becoming effective on January 1, 2025.

Statutes affected:
Introduced: 31-3-102, 39-17-301, 39-17-303, 39-17-304, 39-17-307