Bill Summary for S 666 (2011-2012)

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Bill: CAP MOTOR FUEL TAX AT CURRENT RATE.

Summary date: 

Apr 19 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 666 (Public) Filed Tuesday, April 19, 2011
TO CAP THE VARIABLE WHOLESALE COMPONENT OF THE MOTOR FUELS TAX RATE.
Intro. by Forrester.

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Bill summary

Specifies that the variable wholesale component of the motor fuel excise tax may not exceed $0.15 per gallon from July 1, 2011, until June 30, 2013. (Under GS 105-449.80, the rate would be set at 7% of the wholesale price as determined by that statute.)