Bill Summary for S 751 (2011-2012)

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Bill: STATUTORY CAP FOR MOTOR FUEL EXCISE TAX RATE.

Summary date: 

Apr 20 2011

Bill Information:

View NCGA Bill Details(link is external)2011-2012 Session
Senate Bill 751 (Public) Filed Tuesday, April 19, 2011
TO PROVIDE A STATUTORY CAP FOR THE VARIABLE COMPONENT OF THE MOTOR FUEL EXCISE TAX RATE.
Intro. by Rouzer, Rabon, Harrington.

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Bill summary

Amends GS 105-449.80 to set a 15 cent per gallon cap on the variable component of the fuel tax. Applies to taxes imposed on or after July 1, 2011.