SB0129 - Tennessee: County Government, Highways, Roads And Bridges, Municipal Government, Revenue, Taxes, Gasoline, Petroleum Products

Companion Bill HB0736. Taxes, Gasoline, Petroleum Products - Increases gasoline and diesel taxes and provides for distribution of the increased revenue to local government. - Amends TCA Title 67, Chapter 3. Fiscal Summary for *SB0129 / HB0736Increase State Expenditures - Not Significant - One-Time Increase Local Govt. Revenues - $81,813,000 Bill Summary for *SB0129 / HB0736 This bill increases certain taxes on petroleum products, as follows: (1) This bill increases the privilege tax on gasoline, fuel alcohol and substitutes therefor, imported into the state from 20 cents per gallon to 22 cents per gallon; and (2) This bill increases the use tax on diesel fuel and all fuel other than gasoline that is suitable for use in a diesel-powered vehicle or that is used or consumed in this state to produce power for propelling motor vehicles [...]

show full description