AR HB1495

Establishes a wholesale sales tax on motor fuel at 1.6% of the average wholesale selling price (effective October 1, 2019), with rates adjusted annually based on twelve-month average prices and capped at 0.1 cents per gallon increases.

Establishes a wholesale sales tax on distillate special fuel at 2.9% of the average wholesale selling price (effective October 1, 2019), with the same annual adjustment and cap provisions as motor fuel tax.

Imposes annual vehicle registration fees of $200 for electric vehicles and $100 for hybrid vehicles, with revenues designated as special revenues for the State Highway and Transportation Department Fund.

Transfers up to $35 million annually from the Restricted Reserve Fund and casino gaming revenues exceeding $31.2 million to the State Highway and Transportation Department Fund starting fiscal year 2020 for highway, street, and bridge maintenance and repair.

Requires cities and counties receiving distributed revenues to submit annual reports by June 30 detailing amounts received and expenditures made; requires the Department of Transportation to report annually to the Governor and Legislative Council by November 1.