SB 987 - Lamping, John
Requires a portion of sales and use taxes collected to be deposited into the State Road Fund
Bill Details
Sponsor
LR Number
6292S.01I
Title
SB 987
House Handler
N/A
Journal Page
Effective Date
Contingent
Committee
Current Status
Second Read and Referred S Transportation and Infrastructure Committee
Quick Links
Amendments
No amendments available
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