Fuel tax increase.

03LSO-0024.C2

                                                         

FISCAL NOTE (HB0018)

 

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

HIGHWAY FUND - MULTI-LANE

19,500,000

19,800,000

20,100,000

 

Source of revenue increase:

 

Gasoline and diesel fuel license taxes with standard exemptions.

 

Assumptions:

 

  1. This bill increases the gasoline and diesel fuel tax by three cents ($.03) per gallon.

 

  1. The above estimates include the impact of the standard exemptions.

 

  1. This bill establishes a new multi-lane highway account within the Highway Fund.

 

  1. Funds within the multi-lane highway account will be used solely for the purposes of construction and maintenance of multi-lane state highways within the state.

 

  1. This bill is effective July 1, 2003.

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(information provided by Kevin Hibbard, WYDOT; phone 777-4026)