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OK SB1241
Bill
Status
2/1/2016
Primary Sponsor
Michael Mazzei
Click for details
AI Summary
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Caps county apportionments from gasoline, diesel, and gross production taxes at fiscal year 2013 levels, with any excess revenue redirected to the General Revenue Fund
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Limits motor vehicle tax apportionments to counties and school districts at fiscal year 2013 or 2015 levels depending on the fund, redirecting excess to General Revenue Fund
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Caps County Improvements for Roads and Bridges Fund distributions at $120 million annually starting fiscal year 2016, with excess going to General Revenue Fund
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Eliminates the 0.03% motor vehicle fee apportionment to the Wildlife Conservation Fund beginning July 1, 2016
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Effective date of July 1, 2016, with emergency clause for immediate implementation upon passage
Legislative Description
Revenue apportionment; limiting apportionment of certain revenues; distributing excess of limits to General Revenue Fund. Effective date.
Last Action
coauthored by Standridge
2/24/2016