Bill > HB1600

This bill establishes a new 50% tax on all state-funded road projects, requiring this tax to be paid by the state upon project completion. The tax will apply to the total project cost, including expenses for construction materials, labor, and equipment. The bill creates a new "State Road Project Fund" in the state treasury, which will collect the revenue generated from this tax. The fund will be dedicated specifically to highway and transportation infrastructure purposes, including planning, relocating, constructing, and maintaining interstate and primary highways, supplementary state highways and bridges across all counties, and acquiring necessary materials and equipment. Importantly, any money remaining in the fund at the end of each biennium will not revert to the general revenue fund, ensuring the money stays dedicated to transportation infrastructure. The state treasurer will manage the fund, investing its moneys in the same manner as other state funds, with any investment earnings also being credited back to the fund.

https://house.mo.gov/Bill.aspx?bill=HB1600&year=2025&code=R