SB 987 Requires a portion of sales and use taxes collected to be deposited into the State Road Fund
Sponsor: Lamping
LR Number: 6292S.01I Fiscal Note not available
Committee: Transportation and Infrastructure
Last Action: 3/26/2014 - Second Read and Referred S Transportation and Infrastructure Committee Journal Page: S623
Title: Calendar Position:
Effective Date: Contingent

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Current Bill Summary


SB 987 - This act requires that of the state portion of sales or use taxes collected, a portion be deposited into the State Road Fund. The act phases in the amount required to be deposited over a period of four years, and once fully phased in, 1/8 of all state sales and use tax collected must be deposited into the State Road Fund.

The passage of this act is contingent upon voter approval of a Senate Joint Resolution amending the Missouri Constitution to require certain amounts of sales and use taxes be deposited into the State Road Fund.

MIKE HAMMANN