MILD
HB 272
MOTOR TAX TO ROAD FUNDS
- Legislative URL:
- HB 272 on nmlegis.gov
- Emergency Clause:
- No
- Germane:
- N/A
- Location:
- HWMC
- Action:
- [4] HTPWC/HWMC-HTPWC [6] DP-HWMC
- Hearing:
- Tuesday, February 9, 2016 - 1:30 p.m. - Room 317
- Issue(s):
- Transportation
Related Legislators
- Bill Sponsor:
- Cathrynn Brown Jason Harper
Related Documents
- Downloads:
-
Introduced
HTPWC Committee Report
Fiscal Impact Report
Summary
This bill shifts the distribution of the motor vehicle excise tax, effective July 1, 2018, from the General Fund to the State Road Fund (50 percent) and the County Arterial Program of the Local Governments Road Fund (50 percent).
A possible benefit of this bill might be an improved transportation infrastructure due to increased funding of the State and Local Governments Road Funds.