MS HB1582

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

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

Requires taxes 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 instead of the Groundwater Protection Trust Fund.

Reinstates deposits into the Mississippi Groundwater Protection Trust Fund if the fund balance drops below $6 million, resuming the previous collection cycle.

Takes effect July 1, 2015.