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MO HB1874
Bill
Status
Introduced
3/1/2012
Primary Sponsor
Thomas Long
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AI Summary
- Repeals and replaces sections 142.803 and 144.020 of Missouri Revised Statutes relating to motor fuel and sales taxes
- Eliminates the 17-cent per gallon tax on gasoline effective January 1, 2013, while increasing the diesel fuel tax from 17 cents to 27 cents per gallon
- Adds a 0.7% sales tax on gasoline sales effective January 1, 2013, in addition to the existing 4% sales tax on tangible personal property
- Adds a 0.7% sales tax for transportation purposes on all other goods and services currently subject to the 4% sales tax rate
- Directs all revenues from the new 0.7% transportation sales tax to the state highways and transportation department fund for transportation purposes only
- Requires voter approval through a referendum election held on the Tuesday following the first Monday in November 2012
Legislative Description
Establishes a seven-tenths of 1% sales tax on gasoline and increases the current sales tax on other goods by seven-tenths of 1% for transportation purposes and increases the excise tax on diesel fuel
Last Action
Public Hearing Completed (H)
3/27/2012
Committee Referrals
Transportation3/8/2012
Full Bill Text
No bill text available