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ID H0384
Bill
AI Summary
HB 384 Summary
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Expands the definition of "motor fuel" in Idaho Code Section 63-2401 to explicitly include ethanol and ethanol blended fuel, gasoline blend stocks, and natural gasoline.
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Corrects code references in Section 63-2412 governing the distribution of gasoline and aircraft engine fuel tax revenues to ensure proper allocation to state and local accounts.
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Corrects code references in Section 63-2418 governing the distribution of special fuels tax revenues to ensure proper allocation to the highway distribution account and other designated accounts.
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Declares an emergency and makes Section 1 (motor fuel definition) effective July 1, 2010, with untaxed ethanol held in inventory on that date deemed received on July 1, 2010.
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Makes Sections 2 and 3 (revenue distribution corrections) effective retroactively to July 1, 2009.
Legislative Description
Amends existing law to revise the definition of "motor fuel" to include ethanol; to correct a code reference relating to the distribution of revenues from the tax on motor fuels; and to correct a code reference relating to the distribution of revenues from the tax on special fuels.
TAX COMMISSION
Last Action
Governor signed Session Law Chapter 14 Effective: 07/01/09 Sections 2 & 3; 07/01/10 Section 1
2/24/2010