The bill amends existing laws related to taxation and revenue, specifically focusing on the collection and process for alternative fuel taxes. It introduces a per kilowatt hour license tax on electricity used to charge all-electric vehicles, 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, while also requiring signage to display the price per kilowatt hour, including applicable taxes. The bill includes various definitions related to electric and hybrid vehicles, and it imposes penalties for non-compliance with the new signage requirements.

Furthermore, the bill repeals obsolete provisions and mandates the Department of Transportation to create necessary rules for implementation. It specifies that the effective date for most provisions is July 1, 2025, while certain sections will take effect on January 1, 2026. The bill aims to modernize the taxation framework for alternative fuels, particularly in light of the growing use of electric vehicles, and ensures that the tax structure is clear and enforceable.

Statutes affected:
Introduced: 39-17-303