SB 16 (BR 274) - B. Metcalf
AN ACT relating to revenue and taxation and declaring an emergency.
Amend KRS 138.210 to delete the provision that average wholesale price cannot be less than $1.11, or more than $1.50, or increase more than 10% over the previous fiscal year; amend KRS 138.220 to provide that gasoline and special fuels will be taxed at the rate of $0.10 per gallon instead of a percentage of average wholesale price; provide that the supplemental highway user motor fuel tax for gasoline will be 6.5% of average wholesale price and for special fuels will be $0.02 per gallon; amend KRS 138.660 to provide that heavy equipment motor carriers will pay a surtax at the rate of $0.022 per gallon on gasoline and $0.052 per gallon on special fuels instead of a percentage of average wholesale price; declare an emergency and make effective July 1, 1998.
(Prefiled by the sponsor(s).)
Jan 6-introduced in Senate; to Transportation (S)