Index Gas, Weight & Special Fuels Taxes

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Plain-English Summary

This bill proposes to adjust New Mexico's gasoline tax, weight distance tax, and special fuel excise tax based on inflation. Starting July 1, 2028, the tax rates for these fuels and vehicle types would be indexed annually to the consumer price index. This means the taxes paid by drivers and trucking companies would change each year according to inflation, but would not decrease below the previous year's rate.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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