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MS SB3015

Bill

Status

Failed

6/3/2020

Primary Sponsor

Sarita Simmons

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Levies a 0.4% tax on hotel and motel room rentals, with proceeds deposited into the State Highway Fund.

  • Increases gasoline excise tax by 12 cents per gallon (from 18¢ to 30¢) and undyed diesel fuel excise tax by 12 cents per gallon (from 18¢ to 30¢), with reduced rates after a specified date when highway programs are completed.

  • Increases annual tax on electric vehicles from $150 to $200 and on hybrid vehicles from $75 to $100, with annual adjustments based on inflation.

  • Creates a Public Education Fund to replace the Lottery Proceeds Fund, transferring all existing lottery proceeds; amounts exceeding $80 million annually are directed to the Education Enhancement Fund.

  • Effective July 1, 2020.

Legislative Description

Infrastructure and Education Act; create.

Last Action

Died In Committee

6/3/2020

Committee Referrals

Finance6/3/2020

Full Bill Text

No bill text available