SB 147: GAS TAX FOR U.S. HIGHWAY 491 PROJECT
An Act Relating To Taxation; Imposing A One-cent ($.01) Gasoline Surtax And A One-cent ($.01) Special Fuel Surtax To Fund The Completion Of The United States Highway 491 Four-lane Project; Creating The Highway 491 Project Fund; Authorizing The Issuance Of State Highway Bonds For The Highway 491 Project; Making An Appropriation.
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SB 147
GAS TAX FOR U.S. HIGHWAY 491 PROJECT
- Legislative URL:
- SB 147 on nmlegis.gov
- Emergency Clause:
- No
- Germane:
- Yes
- Location:
- SFC
- Action:
- [2] SCC/SCORC/SFC-SCC-germane-SCORC [15] w/o rec-SFC API.
- Issue(s):
- Energy, Transportation
Related Legislators
- Bill Sponsor:
- John Pinto
Related Documents
Summary
This measure imposed a $.01 per gallon gasoline surtax and a $.01 cent per gallon special fuels surtax to fund completing the Highway 491 four-lane project. It also creates the Highway 491 Project Fund and allows State highway bonds to be issued for the project in the amount of $123 million.
One benefit of this bill may be that additional taxes on fuel might contribute to people re-thinking their driving habits to use less fuel.
Date of Summary: 1/24/2014
Outcome:
SB 147 died in the Senate Finance Committee.
Updated 7/31/14