SB20-044
Sales And Use Tax Revenue For Transportation
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the allocation of sales and use tax revenue attributable to sales or use of vehicles and related items to transportation funding, and, in connection therewith, providing additional funding for state, county, and municipal road and bridge projects.
Bill Summary:
For state fiscal years commencing on or after July 1, 2020, the bill requires 10% of net revenue from sales and use tax, as a portion of the sales and use taxes attributable to sales or use of vehicles and related items, to be credited to the highway users tax fund (HUTF) and thereafter allocated for state, county, and municipal highway system projects in accordance with the existing "second stream" formula for the allocation of HUTF money as follows:
- 60% to the state highway fund;
- 22% to counties; and
- 18% to municipalities.
(Note: This summary applies to this bill as introduced.)
Committees
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/08/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 20-044 to the Committee on Appropriations. | The motion failed on a vote of 2-3. | Vote summary |
| Postpone Senate Bill 20-044 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 3-2. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 01/29/2020 | Senate | Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely |
| 01/08/2020 | Senate | Introduced In Senate - Assigned to State, Veterans, & Military Affairs |