SB486 Summary

• Authorizes Macon County Commission to impose an excise tax of up to $0.02 per gallon on persons selling, distributing, storing, or withdrawing gasoline and motor fuel in the county.

• Tax exemptions apply to fuel used in interstate commerce, propane gas for lighting/heating/industrial use, essential governmental functions by state/federal/local agencies, and companies with formal economic development agreements executed within 24 months of the act (24-month exemption period).

• Requires distributors, retail dealers, and storers to file monthly reports by the 20th of each month and pay taxes to the county tax collector; false statements constitute perjury.

• One-half of tax proceeds fund the county road and bridge fund; one-half distributed to Macon County Economic Development Authority; State Department of Revenue may collect the tax and recover up to 5 percent in administrative costs.

• Violations result in Class C misdemeanor charges; delinquent taxes incur 25 percent penalty and become a county lien; county commission may seek execution through sheriffs for collection.