SB 743 Summary

• Amends sales tax apportionment law to create exception for revenue derived from sales tax on dyed diesel fuel that is exempt from motor fuel tax but not exempt from sales tax.

• Directs dyed diesel fuel sales tax revenue to be apportioned as follows: 1.39% to State Bridge Fund, 64.34% to State Transportation Fund, and 26.58% to counties via various formulas based on population, road mileage, and terrain.

• Remaining dyed diesel fuel tax revenue (3.85%, 3.36%, and 0.48%) distributed to county road/bridge improvement programs and statewide circuit engineering district.

• Takes effect July 1, 2011 and declares an emergency.