SB 252
Requires a portion of sales and use tax revenue to be deposited into the State Road Fund
Sponsor:
LR Number:
0967S.01I
Last Action:
1/28/2021 - Second Read and Referred S Transportation, Infrastructure and Public Safety Committee
Journal Page:
S185
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 252 - 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% of the 3% deposited in the General Revenue Fund shall instead 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 641 (2020), SB 190 (2019), SB 645 (2016), HB 1952 (2016), HB 2278 (2016), and SB 544 (2014).

JOSH NORBERG

Amendments

No Amendments Found.