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MS HB1315

Bill

Status

Failed

6/3/2020

Primary Sponsor

Doug McLeod

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

House Bill 1315 Summary

  • 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.

  • 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.

  • 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.

  • County road fund allocations: one-third equally among all counties, one-third based on rural road miles, and one-third based on rural population.

  • 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

Committee Referrals

Ways and Means2/17/2020

Full Bill Text

No bill text available