Time May Run Out for Gas Tax

Date: May 17, 2016 Last Edit: May 18, 2016

House committee advances bill with amendments.

Time May Run Out for Gas Tax

The Missouri Senate already approved a bill (SB
623) that would increase the state’s fuel tax, and earlier this month the House
Transportation Committee voted to advance the bill with amendments. However,
the deadline for final legislative passage is rapidly approaching.

SB 623 would hike the state gasoline and diesel
tax to 22.9 cents per gallon, up from 17 cents. The original version of the
bill proposed different rates for diesel (3.5 cents increase) and gas (1.5
cents). The bill would also include any new types of fuel that cars and trucks
use in the future, and the same rate of taxation would be applied to this fuel.

 The tax hike would funnel millions into
Missouri’s transportation fund to deal with upkeep and repairs on the state’s
roads and bridges. The Show-Me State’s gas tax hasn’t been raised since 1996
and has faced problems maintaining infrastructure as a result of dwindling
transportation revenue. In fact, a USA Today study earlier this year
found that nearly 10 percent of U.S bridges are structurally deficient and in
need of repair, with Missouri named as one of five states with the most deficient
bridges (3,222).

 If passed in time by the full House, SB 623
would go back to the Senate for second approval due to the amendments made. At
this writing, the end of session was approaching in mid-May, not giving much
time for all approvals to be made. If the Senate does reapprove the bill, it
will go straight to voters for a final decision in August or November.

 NFIB/Missouri members are divided on the gas

Related Content: Small Business News | Energy | Missouri | Taxes

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