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2008 SPECIAL SESSION II

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HB 6048 Transportation Trust Fund; dedication of existing retail sales and use tax revenues thereto.

Introduced by: Jeffrey M. Frederick | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transportation funding; dedication of existing retail sales and use tax revenues to the Transportation Trust Fund.  Makes a dedication to the Transportation Trust Fund from revenues generated by the existing retail sales and use tax.  The revenues generated by a one-half percent retail sales and use tax that are deposited into the general fund under current law would instead be dedicated to the Transportation Trust Fund.  The bill would not increase revenues, but would dedicate additional current revenues to the Transportation Trust Fund.

The bill would become effective July 1, 2010.


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