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MS HB626
Bill
Status
1/30/2018
Primary Sponsor
Earle Banks
Click for details
AI Summary
HB 626 Summary
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Allocates 1% of fuel tax revenue (gasoline, diesel fuel, and kerosene) collected within Jackson to the City of Jackson, effective August 15, 2018.
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Designated funds must be used solely for street construction and repair, and infrastructure maintenance and improvements—not general fund revenue.
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Payment intended to help Jackson offset ad valorem tax losses from state property ownership and increased infrastructure, law enforcement, and public safety costs as the state capital.
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Funds are in addition to any other allocations the city receives under existing law.
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Effective July 1, 2018.
Legislative Description
Fuel taxes; allocate a portion to the City of Jackson to defray costs incurred as a result of being the seat of state government.
Last Action
Died In Committee
1/30/2018