MS HB1558

Changes the environmental protection "fee" on motor fuels to an "tax" of 4/10 of 1 cent per gallon imposed on bonded distributors and collected by the Department of Revenue.

Continues collection of the environmental protection tax when the Mississippi Groundwater Protection Trust Fund reaches $10 million, rather than ceasing collection at that threshold.

Directs tax revenues collected after the fund reaches $10 million to be deposited in equal amounts into the State Aid Road Fund and the Local System Bridge Replacement and Rehabilitation Fund.

Reinstates deposits to the Groundwater Protection Trust Fund when the fund balance falls below $6 million, resuming the cycle until the fund reaches $10 million again.

Effective date is July 1, 2014.