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 plug-in hybrid and all-electric vehicles at DC fast charging stations, set at three and one-half cents ($0.035) per kilowatt hour. Additionally, it reduces the annual decal fee for plug-in hybrid vehicles to $100 and establishes a refund mechanism for taxpayers who purchase electricity for charging these vehicles, with a maximum refund of $100 for plug-in hybrids and $200 for all-electric vehicles.

The bill also updates definitions related to alternative fuels, including the introduction of terms such as "all-electric vehicle," "charge," and "DC fast charging station." It requires dealers to display the price per kilowatt hour, including taxes, and mandates that all electricity sold for vehicle charging be metered. The Department of Transportation is tasked with creating necessary rules for implementation, and the act is set to take effect on July 1, 2026.