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AR HJR1008
Joint Resolution
Status
5/17/2013
Primary Sponsor
Dan Douglas
Click for details
AI Summary
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Proposes constitutional amendment dedicating up to 6% of general sales and use tax revenues to highway, road, street, and bridge construction, reconstruction, and maintenance when annual gross collection exceeds $2,200,000,000
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Establishes 10-year gradual increase starting September 1 of first year at 0.6%, increasing by increments each July until reaching 6% by year 10
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Allocates dedicated funds as follows: 70% to State Highway and Transportation Department Fund, 15% to County Aid Fund, and 15% to Municipal Aid Fund
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Dedicates up to 100% of sales and use tax revenues specifically from new or used motor vehicle, trailer, and semitrailer sales over the same 10-year period, starting at 10% and increasing to 100% using same fund allocation percentages
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Once initial $2.2 billion threshold is met and allocations begin, funding continues regardless of whether future collections drop below the threshold
Legislative Description
To Gradually Dedicate Over Ten Years General Revenues From Certain Sales And Use Taxes For Construction, Reconstruction,and Maintenance Of State Highways, County Roads,and City Streets When Certain Conditions Are Met.
Last Action
Died in House Committee at Sine Die adjournment.
5/17/2013