To repeal an annual state gas and diesel tax increase based on the inflation rate for the past year, which was imposed with a general increase in these taxes in 2015.   Official Text and Analysis.

To adopt a version of the bill that temporarily suspends collection of all state motor fuel tax in Michigan from April 1 through Sept. 30, 2022.

To "backfill" the estimated $725 million in gas and diesel tax collections the bill would cancel with regular state "general fund" revenue collected by other non-transportation taxes including the state income tax.

To suspend collecting the state motor fuel tax levied on gasoline and diesel fuel purchases between April 1 and September 30, 2022. The current tax rate is 27.2 cents per gallon on both fuels, and revenue from it pays for state and local road repairs. The House Fiscal Agency projects this would reduce that revenue by $725 million in 2022, leaving an equivalent amount in motorists' pockets.

To impose state price controls on fuel sales.

To tie-bar the bill to Senate Bill 314, meaning this bill cannot become law unless that one does also. SB 314 would roll-back some of the state auto insurance law reforms enacted in 2019.

To tie-bar the bill to Senate Bill 961, meaning this bill cannot become law unless that one does also. SB 961 would rescind provisions of a 1995 law that limited damage awards sought by plaintiffs and trial attorneys against drug companies for selling drugs approved by the U.S. Food and Drug Administration.

To require the legislature to keep appropriating enough money under a temporary gas tax cut to prevent counties from losing any revenue.

To send a $250 check to every Michigan household with income below $250,000 if the gas tax holiday is enacted.