summary
Introduced
01/29/2017
01/29/2017
In Committee
01/29/2017
01/29/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; INCREASING THE GASOLINE AND SPECIAL FUEL EXCISE TAXES BY SIX CENTS ($.06); DISTRIBUTING ONE-THIRD OF THE NEW REVENUE TO THE PRE-KINDERGARTEN FUNDS, ONE-THIRD TO THE GENERAL FUND AND ONE-THIRD TO THE STATE ROAD FUND AND THE LOCAL GOVERNMENTS ROAD FUND; CONFORMING SECTION 67-3-28.2 NMSA 1978 (BEING LAWS 1986, CHAPTER 20, SECTION 125, AS AMENDED); MAKING AN APPROPRIATION.
AI Summary
This bill increases the gasoline and special fuel excise taxes by 6 cents per gallon. The new revenue will be distributed as follows: one-third to the pre-kindergarten funds, one-third to the general fund, and one-third to the state road fund and the local governments road fund. The bill also makes several other changes to the distribution of gasoline and special fuel tax revenue to various state and local funds.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 13] Referred to Senate Corporations & Transportation (on 01/29/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=436&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0436.pdf |
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