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.