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MS HB1574
Bill
Status
2/23/2016
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Allocates 1% of fuel tax revenue (gasoline, diesel fuel, and kerosene) collected within Jackson to the City of Jackson beginning August 15, 2016.
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Money allocated to Jackson must be dedicated solely to street construction and repair and infrastructure maintenance and improvements, not general fund revenue.
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Allocation compensates Jackson for ad valorem tax losses on state-owned property and increased infrastructure, law enforcement, and public safety costs from being the state capital.
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Payments to Jackson are in addition to any other funds already allocated to the city under existing law.
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Act takes effect July 1, 2016.
Legislative Description
Fuel taxes; allocate a portion to the City of Jackson to defray costs incurred as a result of being the seat of state government.
Last Action
Died In Committee
2/23/2016