Ohio drivers would get a temporary state fuel tax cut

The state would set its gasoline and diesel tax rate at one-hundredth of one cent per gallon for a temporary period. The rate applies to gasoline and diesel fuel sold in Ohio. Fuel dealers and retailers must pass the full benefit of the reduced rate to buyers during this period. The period would begin on the section’s effective date and end 93 days later.

Each electric utility would apply a $150 credit to each residential customer’s electricity bill. The credit applies to residential customers of electric utilities in Ohio. The state would pay utilities for the cost of applying the credits. The credit would appear on the first bill issued after the section takes effect. Any unused amount would carry forward to later bills until the full credit is used.

The state would pay licensed retail fuel dealers for qualifying fuel sold during the temporary rate period. This applies to gasoline or diesel a licensed retail dealer already had when the temporary period began, or received during it, and sold at retail during that period. A dealer would need to apply to the tax commissioner. Payment would cover the difference between the tax already paid or owed on the fuel and the temporary rate. The same gallons could not be included in more than one application. The passage gives an application deadline, but the date is missing from the text shown.

The state would pay $125 for each retail service station of a licensed retail dealer that requests payment. The payment is for each retail service station in Ohio belonging to a licensed retail dealer. The dealer must submit a request on the tax department’s form. The request deadline is missing from the text shown.