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MS HB1315
Bill
Status
6/3/2020
Primary Sponsor
Doug McLeod
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AI Summary
House Bill 1315 Summary
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Increases gasoline excise tax in three phases: 3.33¢ per gallon (July 1, 2020-June 30, 2021), 6.67¢ per gallon (July 1, 2021-June 30, 2022), and 10¢ per gallon (July 1, 2022 onward), with increases ending June 30, 2028.
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Increases special fuel (diesel) excise tax on undyed diesel using same three-phase schedule: 3.33¢, 6.67¢, and 10¢ per gallon increments through June 30, 2028.
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Directs 30% of increased tax revenue to special county road fund and 20% to special municipal road fund to assist with repair, maintenance, and reconstruction of roads, streets, and bridges.
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County road fund allocations: one-third equally among all counties, one-third based on rural road miles, and one-third based on rural population.
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Municipal fund allocations distributed based on proportion of sales tax revenue each municipality received in prior fiscal year.
Legislative Description
Excise tax on gasoline and diesel; increase rate.
Last Action
Died In Committee
6/3/2020