SB 1201 Modifies the motor fuel tax
LR Number:4371S.01I Fiscal Note:4371-01
Last Action:03/04/04 - Voted Do Pass S Transportation Committee Journal page:
Effective Date:August 28, 2004
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Current Bill Summary

SB 1201 - This act directs the Department of Agriculture to assess a surcharge of eighteen dollars on all petroleum products within the state. Fifty-five percent of the revenue generated by this surcharge shall be deposited in the Missouri qualified fuel ethanol producer incentive fund. The remaining forty-five percent shall be deposited in the Missouri qualified biodiesel incentive fund. Railroad and airline companies are not subject to the load fee described in this act.