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MS SB3015
Bill
AI Summary
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Levies a 0.4% tax on hotel and motel room rentals, with proceeds deposited into the State Highway Fund.
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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.
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Increases annual tax on electric vehicles from $150 to $200 and on hybrid vehicles from $75 to $100, with annual adjustments based on inflation.
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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.
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Effective July 1, 2020.
Legislative Description
Infrastructure and Education Act; create.
Last Action
Died In Committee
6/3/2020