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MS HB1644

Bill

Status

Failed

2/21/2018

Primary Sponsor

Doug McLeod

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

HB 1644 Summary

  • Increases gasoline excise tax by 3.33¢ per gallon (July 1, 2018), 6.67¢ per gallon (July 1, 2019), and 10¢ per gallon (July 1, 2020), with rates reverting to base rates on July 1, 2026.

  • Increases diesel fuel (undyed) excise tax by matching amounts: 3.33¢ per gallon (July 1, 2018), 6.67¢ per gallon (July 1, 2019), and 10¢ per gallon (July 1, 2020), with rates reverting to base rates on July 1, 2026.

  • Creates two special funds: 30% of increased tax revenue distributed to counties for road, street, and bridge repair/maintenance/reconstruction; 20% distributed to municipalities based on sales tax revenue proportions.

  • County fund allocation: one-third equally among all counties, one-third by rural road miles, one-third by rural population; municipality fund allocation based on prior fiscal year sales tax distributions.

  • Effective July 1, 2018, with all provisions expiring July 1, 2026, returning to previous tax rates.

Legislative Description

Excise tax on gasoline and diesel; increase rate.

Last Action

Died In Committee

2/21/2018

Committee Referrals

Ways and Means2/19/2018

Full Bill Text

No bill text available