| SB 1026 | Revises placement of Proposition C sales tax revenue from motor vehicles |
| Sponsor: | Wiggins | |||
| LR Number: | 4475L.01I | Fiscal Note: | 4475-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/14/00 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2000 | |||
SB 1026 This act provides that one-half of all revenues
from the three-cent state sales tax received from taxation of
motor vehicles shall be transferred to the State Road Fund and
used for the purposes established in Article IV, section 30(b) of
the Missouri Constitution and the remaining one-half of such
revenues shall be transferred to the General Revenue Fund. All
revenues from the one-cent sales tax for schools, known as
"Proposition C", received from taxation of motor vehicles shall
be transferred to the School District Trust Fund and distributed
to schools on a per-pupil basis.
DAVID TALLMAN
DAVID VALENTINE