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MS HB76
Bill
Status
Failed
6/3/2020
Primary Sponsor
Earle Banks
Click for details
AI Summary
- Municipalities with a population of 150,000 or more may impose a one cent per gallon excise tax on gasoline and diesel fuel for motor vehicles
- Tax requires municipal adoption of a resolution declaring intent and calling for an election, with notice published weekly for at least three consecutive weeks and first publication at least 21 days before the election
- Tax becomes effective only if approved by a majority of qualified electors voting in the election, with the effective date set for the first day of the second month following adoption of the levy resolution
- Department of Revenue collects and accounts for the tax separately, retaining 1% for administrative costs, and remits proceeds to the municipality by the 15th of the following month
- Tax proceeds must be placed in a special municipal fund and used solely for repair, maintenance, and reconstruction of roads, streets, and bridges in the municipality
Legislative Description
Fuel tax; authorize certain municipalities to impose after an election to be used for road and bridge repair/maintenance.
Last Action
Died In Committee
6/3/2020
Committee Referrals
Ways and Means1/24/2020
Full Bill Text
No bill text available