AI-generated summary, not yet reviewed by Better Utah staff. Please consult the bill text.

Utah's gas tax rate is calculated as a percentage of the statewide average wholesale ("rack") price of fuel, but current law sets a minimum price floor that the calculation can't fall below even if actual fuel prices drop lower, and that floor has been $1.78 per gallon since it was last set with inflation adjustments beginning in 2019. This bill would raise that price floor to $2.39 per gallon starting January 1, 2027, which raises the baseline used to calculate the fuel tax people pay at the pump, and would delay the start of annual inflation-based adjustments to that floor from 2019 to 2028. It also removes outdated maximum price caps that applied to 2024 and 2025 while keeping the caps already scheduled for 2026 ($2.82 per gallon) and for 2028 and beyond ($2.96 per gallon).