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AR HB1727
Bill
Status
2/28/2017
Primary Sponsor
Dan Douglas
Click for details
AI Summary
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Levies a wholesale sales tax on motor fuel (gasoline) at 6.5% of average wholesale selling price, beginning April 1, 2019, converted to a cent-per-gallon amount rounded to the nearest 0.1¢
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Levies a wholesale sales tax on distillate special fuel (diesel) at 6.5% of average wholesale selling price, beginning April 1, 2019, with annual adjustments based on twelve-month average wholesale prices
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Establishes a "2017 Highway Maintenance and Construction Bond Account" within the State Highway and Transportation Department Fund to receive wholesale sales tax revenues for payment of general obligation bonds
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Creates a "Commercial Freight Routes Improvement Account" to dedicate $2,800,000 annually from distillate fuel taxes to improvements on Arkansas's portion of the National Highway System
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Tax becomes effective only upon voter approval of highway maintenance and construction general obligation bonds to be repaid with these wholesale sales tax revenues, with effectiveness 30 days after election results publication
Legislative Description
To Levy Wholesale Sales Taxes On Gasoline And Diesel; And To Use The Wholesale Sales Tax Revenues To Pay Bonds For Highway Improvements If Approved By The People.
Last Action
Died in the House at Sine Die
5/1/2017