452A.84  Transfer to marine fuel tax fund.
  The treasurer of state shall transfer from the motor fuel tax fund to the marine fuel tax fund that portion of moneys collected under this chapter attributable to motor fuel used in watercraft computed as follows:
  1.  Determine monthly the total amount of motor fuel tax collected under this chapter, less refunds for motor fuel tax, and multiply the amount by nine-tenths of one percent.
  2.  Subtract from the figure computed pursuant to subsection 1 of this section three percent of the figure for administrative costs shall be transferred to the marine fuel tax fund.
[C73, 75, 77, 79, 81, §324.84]
84 Acts, ch 1012, §1
C93, §452A.84
94 Acts, ch 1107, §71; 95 Acts, ch 155, §39, 44; 2006 Acts, ch 1179, §62, 66; 2022 Acts, ch 1061, §70
Referred to in §452A.79, 452A.79A
Subsections 1 and 2 amended