Bill No.: HB0040                  Drafter:  MQ

 

LSO No.:  12LSO-0202              Effective Date:  July 1, 2012

 

Enrolled Act No.:  HEA0019

 

Chapter No.:       CH0033

 

Prime Sponsor:     Representative Byrd

 

Catch Title:       Optional sales/use tax-uses.

 

Subject:           Provides for the specific purpose excise tax to include maintenance of public roadways.

 

 

 

Summary/Major Elements:

 

 

·         Authorizes the specific sales/use tax, which must be used for a specified purpose and a specified amount, to be used for one (1) time major maintenance, renovation or reconstruction of a specifically defined section of a public roadway.

 

·         Amends the use tax provision to "mirror" the sales tax statute.

 

·         Specific purpose excise tax is prohibited from being used for "ordinary operations of local government, except those operations related to a specific project".  Bill provides an exception to this prohibition by allowing one (1) time major work to be done upon a public roadway.