- Introduced -

SB 710 - This act raises additional revenues for transportation purposes.

GASOLINE TAX - Phases in a 6-cent gas tax over 6 years beginning on the effective date of this act.

SALES TAX - Increases the General Sales Tax by 5/16 of one percent.

DIVERSION OF HIGHWAY REVENUES FROM AGENIES - Eliminates funding from the State Highways and Transportation Fund to other state agencies except for the Highway Patrol. This act also states that all state agencies whose revenues are eliminate from this fund will be compensated from the increase in the sales tax and other sources the General Assembly may decide to appropriate.

MOTOR VEHICLES SALES TAX - This section diverts the half of the sales tax on motor vehicles that is distributed to general revenue will be credited to the state transportation fund (226.225 - nonhighway purposes).

REGISTRATION FEES - Raises registration fees to meet the 2000 Consumer Price Index.

REFERENDUM CLAUSE - States that this act shall become effective on the first calendar quarter that begins 45 days or more after voter approval.

The act is similar to SB 450 (2001).

STEPHEN WITTE