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AR SB336
Bill
Status
3/12/2019
Primary Sponsor
Terry Rice
Click for details
AI Summary
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Transfers up to $35 million annually from the Restricted Reserve Fund to the State Highway and Transportation Department Fund, beginning July 1, 2020
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Levies a wholesale sales tax on motor fuel at 1.6% of average wholesale selling price, effective October 1, 2019, with annual adjustments capped at 0.1¢ per gallon
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Levies a wholesale sales tax on distillate special fuel at 2.9% of average wholesale selling price, effective October 1, 2019, with annual adjustments capped at 0.1¢ per gallon
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Imposes annual vehicle registration fees of $200 for electric vehicles and $100 for hybrid vehicles, with revenues directed to the State Highway and Transportation Department Fund
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Requires cities, counties, and the Arkansas Department of Transportation to submit annual reports detailing revenues received and projects funded under this act
Legislative Description
To Provide Additional Revenue For The Maintenance And Repair Of Highways, Streets, And Bridges In The State.
Last Action
Notification that SB336 is now Act 416
3/12/2019