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.