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MS HB689

Bill

Official Source

Status

Failed

2/8/2017

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Increases the maximum bond requirement for gasoline distributors from $250,000 to $1,000,000.

  • Increases the maximum bond requirement for special fuel distributors from $250,000 to $1,000,000.

  • Bond limits apply to surety bonds, cash bonds, and personal bonds secured by state or federal government bonds.

  • Replaces references to "commission" with "department" throughout the relevant code sections.

  • Takes effect July 1, 2017.

Legislative Description

Fuel tax; increase maximum amount of bond that is required to be posted by distributors of gasoline and special fuel.

Last Action

Died In Committee

2/8/2017

Committee Referrals

Ways and Means1/13/2017

Full Bill Text

No bill text available