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State Budget

2008 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Puller
Retail sales and use tax on fuels (language only)

Item 0 #1s

Item 0 #1s
Revenues
Revenues

Language
Page 1, line 34, strike "19,883,608,191" and insert "20,327,308,191"; strike "20,266,158,128" and insert "20,745,858,128"; strike "40,149,766,319" and insert "41,073,166,319"
Page 1, line 37, strike "24,176,957,627" and insert "24,620,657,627"; strike "20,506,158,128" and insert "20,985,858,128" and strike "44,683,115,755" and insert "45,606,515,755"
Page 1, line 38, strike "41,827,837,904" and insert "42,271,537,904"; strike "39,052,959,890" and insert "39,532,659,890" and strike "80,880,797,794" and insert "81,804,197,794"

Explanation
(This amendment reflects increased nongeneral fund revenue of $443.7 million in FY 2009 and $479.7 million in FY 2010, contingent on passage of SB 2, which extends the 5% state and local retail sales and use tax to sales of motor fuels. The revenue generated by the 4% state tax would be deposited into the Transportation Trust Fund to be distributed in accordance with current law, and the 1% local sales tax would be returned to localities in which the sale was made to be used by the respective county or city solely for transportation purposes.)

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