Text: HSB00668                          Text: HSB00670
Text: HSB00600 - HSB00699               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index



House Study Bill 669

Bill Text

PAG LIN
  1  1    Section 1.  Section 452A.3, subsections 1 and 2, Code 1997,
  1  2 are amended to read as follows:
  1  3    1.  For the privilege of operating motor vehicles in this
  1  4 state, an excise tax of twenty cents per gallon is imposed
  1  5 upon the use of all motor fuel used for any purpose except
  1  6 aviation gasoline and except motor fuel containing at least
  1  7 ten percent alcohol distilled from cereal grains grown in the
  1  8 United States for the period ending June 30, 2000, and except
  1  9 as otherwise provided in this section and in this division.
  1 10    2.  a.  For the privilege of operating aircraft in this
  1 11 state an excise tax of eight cents per gallon is imposed on
  1 12 the use of all aviation gasoline.
  1 13    2. b.  For the privilege of operating motor vehicles in
  1 14 this state, an excise tax of nineteen cents per gallon until
  1 15 June 30, 2000 2007, is imposed upon the use of motor fuel
  1 16 containing at least ten percent alcohol distilled from cereal
  1 17 grains grown in the United States and used for any purpose
  1 18 except as otherwise provided in this division.  
  1 19                           EXPLANATION
  1 20    Current law imposes a tax of 20 cents per gallon on all
  1 21 motor fuel used by vehicles except ethanol fuel.  A tax rate
  1 22 of 19 cents per gallon is imposed on ethanol until June 30,
  1 23 2000, at which time the tax increases to 20 cents per gallon.
  1 24    This bill extends the one-cent tax reduction granted to
  1 25 ethanol to June 30, 2007.  
  1 26 LSB 3839HC 77
  1 27 jm/sc/14
     

Text: HSB00668                          Text: HSB00670
Text: HSB00600 - HSB00699               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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