Fuel tax.

08LSO-0058.C1

                                                         

FISCAL NOTE

 

 

FY 2009

FY 2010

FY 2011

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

HIGHWAY FUND

6,199,551

20,330,230

37,061,726

LOCAL SOURCES FUND

2,961,135

9,780,416

17,778,214

SPECIAL REVENUE(STATE PARKS)

39,117

131,163

236,992

 

Source of Revenue Increase:

Motor fuel license fee increase.

 

Assumptions: 

This legislation has a January 1, 2009 effective date.  This date falls mid fiscal year FY2009 for the original license tax increase and each incremental increase thereafter through January 2011.  Please note the full 10 cent increase will not be in place for a full fiscal year until FY2012.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by: Kevin Hibbard, Dept. of Transportation Phone:  777-4026