SB 214: MOTOR VEHICLE TAX TO ROAD FUND

An Act Relating To Taxation; Changing The Distribution Of The Motor Vehicle Excise Tax From The General Fund To The State Road Fund Over A Four-year Period.

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MILD SB 214
MOTOR VEHICLE TAX TO ROAD FUND

Legislative URL:

SB 214 on nmlegis.gov

Emergency Clause:

No

Germane:

N/A

Location:

SFC

Action:

[3] SCORC/SFC-SCORC [22] DP-SFC API.

Issue(s):

Transportation

Related Legislators

Bill Sponsor:

Carroll Leavell

Related Documents

Downloads:

Introduced
SCORC Committee Report
Fiscal Impact Report

Summary

This bill shifts the distribution of the motor vehicle excise tax from the General Fund to the State Road Fund incrementally over a four-year period, from July 1, 2015 to July 1, 2018.

A possible benefit of this bill might be an improved transportation infrastructure due to increased funding of the Road Fund.