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MS HB1644
Bill
Status
2/21/2018
Primary Sponsor
Doug McLeod
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AI Summary
HB 1644 Summary
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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.
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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.
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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.
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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.
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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