SB190 - Requires a portion of sales and use tax revenue to be deposited into the State Road Fund

SB 190

Requires a portion of sales and use tax revenue to be deposited into the State Road Fund

Sponsor:

Onder

LR Number:

0931S.01I

Committee:

Transportation, Infrastructure and Public Safety

Last Action:

1/31/2019 - Second Read and Referred S Transportation, Infrastructure and Public Safety Committee

Journal Page:

S183

Title:

Calendar Position:

Effective Date:

August 28, 2019

Current Bill Summary

SB 190 - Current law provides that, of the 4% statutory sales and use tax rate, 1% is provided for education and 3% is deposited in the General Revenue Fund. This act requires that 0.5% shall be deposited into the State Road Fund. The remaining 2.5% shall continue to be deposited into the General Revenue Fund. The act phases in the amount deposited into the State Road Fund over a period of five years, with an increase of 0.1% each year.

This act is identical to SB 645 (2016), HB 1952 (2016), HB 2278 (2016), and SB 544 (2014).

JOSHUA NORBERG

Amendments

No Amendments Found.