HB 272: MOTOR TAX TO ROAD FUNDS

An Act Relating To Taxation; Distributing Fifty Percent Of The Motor Vehicle Excise Tax To The State Road Fund And Fifty Percent To The County Arterial Program Of The Local Governments Road Fund Beginning July 1, 2018.

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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.