Bill Summary for H 399 (2011-2012)

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Bill: CAP MOTOR FUEL EXCISE TAX RATE.

Summary date: 

Mar 17 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 399 (Public) Filed Thursday, March 17, 2011
TO PROVIDE A STATUTORY CAP FOR THE MOTOR FUEL EXCISE TAX RATE.
Intro. by McElraft, Killian, Hager, Stone.

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Bill summary

Amends GS 105-449.80 to set a cap of 15 cents per gallon on the variable wholesale component of the motor fuel excise tax. Effective for taxes imposed on or after July 1, 2011.