Bill would allow a tax deduction for dyed special-fuel sales

The introduced bill would let taxpayers deduct receipts from sales of federally dyed special fuel. It covers receipts from sales of special fuel dyed under federal rules. Taxpayers claiming the deduction must report its amount separately in the manner required by the tax department. The deduction would be included in the tax expenditure budget, along with its annual total cost. The bill sets July 1, 2026 as its effective date. The deduction applies to receipts before July 1, 2031.