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MS HB1681

Bill

Status

Failed

3/16/2016

Primary Sponsor

Robert Johnson

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Reduces gasoline excise tax from 18¢ to 15¢ per gallon until the date specified in Section 65-39-35, then to 12¢ per gallon thereafter.

  • Adds a variable tax on gasoline equal to 6% of the average wholesale price, recalculated twice yearly on January 1 and July 1, beginning January 1, 2017.

  • Reduces undyed diesel fuel excise tax from 18¢ to 15¢ per gallon until the specified date, then to 12.3¢ per gallon thereafter, with an additional variable 6% tax on average wholesale diesel price.

  • Maintains existing exemptions and refunds for government entities, political subdivisions, and agricultural/non-highway fuel uses, with updated references to administrative departments.

  • Takes effect July 1, 2016.

Legislative Description

Excise tax on gasoline and diesel; revise rate.

Last Action

Died In Committee

3/16/2016

Committee Referrals

Transportation3/8/2016

Full Bill Text

No bill text available