Senate Bill 2911 Summary

• Levies a 5% tax on wholesale sales of gasoline, undyed diesel fuel, and compressed gas by distributors, in addition to existing fuel taxes.

• Distributes 10% of collected revenue monthly to municipalities based on population for street construction and repair; remaining revenue distributed per existing Section 27-5-101.

• Distributors must add the tax to wholesale prices and collect from purchasers; failure to remit collected funds may result in penalties up to 3 times the tax owed and criminal fines of $50-$100.

• Distributors receive a 2% collection discount (maximum $50/month or $600/year per location) for timely filing and payment; tax payments due by the 20th of the following month.

• Exempts federal government, state, counties, municipalities, school districts, volunteer fire departments, and certain transit entities from the new tax.

• Effective July 1, 2013.