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HOUSE BILL NO. 487

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Bill Status

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H0487...............................................................by SALI
APPROPRIATIONS - TAX COMMISSION - Stating findings of the Legislature
regarding a temporary moratorium on fuel taxes; and appropriating
$48,964,800 to the State Tax Commission for fuel tax revenue distribution.
                                                                        
01/27    House intro - 1st rdg - to printing
01/30    Rpt prt - to Approp

Bill Text

                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                  Second Regular Session - 2006
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 487
                                                                        
                                          BY SALI
                                                                        
  1                                        AN ACT
  2    STATING FINDINGS OF THE LEGISLATURE; AND PROVIDING THAT THE  STATE  CONTROLLER
  3        SHALL  TRANSFER MONEYS TO THE STATE TAX COMMISSION; AND DECLARING AN EMER-
  4        GENCY.
                                                                        
  5    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  6        SECTION 1.  It is the finding of the Legislature that, given the  improved
  7    economic  conditions  that  have  produced state revenues in excess of projec-
  8    tions, and given the recent unprecedented increase in gasoline  prices  facing
  9    Idaho  motorists,  it  is in the best interest of the motoring citizens of the
 10    state of Idaho to provide temporary relief from certain motor fuel taxes.  The
 11    appropriation  contained  in  this act will provide relief for much of Idaho's
 12    citizenry through a temporary moratorium on certain motor fuel taxes.
                                                                        
 13        SECTION 2.  There is hereby appropriated and the  State  Controller  shall
 14    transfer on April 3, 2006, the sum of $34,806,800 from the General Fund to the
 15    State Tax Commission for distribution pursuant to section 63-2412, Idaho Code.
 16    In  addition,  there  is  hereby  appropriated  and the State Controller shall
 17    transfer on April 3, 2006, the sum of $14,158,000 from the General Fund to the
 18    State Tax Commission for distribution pursuant to section 63-2418, Idaho Code.
                                                                        
 19        SECTION 3.  An emergency existing  therefor,  which  emergency  is  hereby
 20    declared to exist, this act shall be in full force and effect on and after its
 21    passage and approval.

Statement of Purpose / Fiscal Impact

                      STATEMENT OF PURPOSE
                                
                            RS 15794
                                
To transfer $49 Million from the General Fund to the State Tax
Commission to replace the $0.25 tax on motor fuels imposed by I.C.
63 2402 but suspended for 90 days by RS 15795. $34.8 Million will be
distributed pursuant to I.C. 63 2412 and $14 Million will be
distributed pursuant to I.C. 63 2418.


                         FISCAL IMPACT
                                
                                
                                
Negative impact of almost $49 Million to the General Fund which will
be distributed pursuant to I.C. 63 2412 and I.C. 63 2418.




Contact
Name:     Rep. Bill Sali
Phone:    332 1000
      

STATEMENT OF PURPOSE/FISCAL NOTE                              H487