Bill > SB656

This bill proposes to increase the state's gasoline and special fuel excise taxes, with the rate starting at seventeen cents per gallon for gasoline and twenty-one cents per gallon for special fuel on or before June 30, 2019, and then gradually increasing annually until July 1, 2025, after which the rate will be adjusted based on a construction price index to account for inflation, with the goal of funding road maintenance. Additionally, the bill establishes a new "state road maintenance fund" to receive a portion of these increased taxes, which will be administered by the Department of Transportation for road improvements, and it also slightly adjusts the percentage of gasoline taxes distributed to municipalities and counties for road purposes, while also creating a new distribution mechanism for additional gasoline and special fuels taxes to municipalities and counties specifically for road maintenance and repair.