SB 544 Requires a portion of sales and use taxes collected to be deposited into the State Road Fund
Sponsor: Lamping
LR Number: 4425S.01I Fiscal Note not available
Committee: Transportation and Infrastructure
Last Action: 1/15/2014 - Second Read and Referred S Transportation and Infrastructure Committee Journal Page: S92
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary


SB 544 - Currently, on purchases other than motor vehicles, a sales or use tax of 3% is imposed and deposited into the General Revenue Fund. This act requires that of the 3% sales or use tax imposed, a portion will be deposited into the State Road Fund. The remaining amount collected will 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 four years, and once fully phased in, 0.5% will be deposited into the fund.

MIKE HAMMANN