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MS HB1681
Bill
Status
3/16/2016
Primary Sponsor
Robert Johnson
Click for details
AI Summary
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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.
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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.
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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.
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Maintains existing exemptions and refunds for government entities, political subdivisions, and agricultural/non-highway fuel uses, with updated references to administrative departments.
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Takes effect July 1, 2016.
Legislative Description
Excise tax on gasoline and diesel; revise rate.
Last Action
Died In Committee
3/16/2016