NV SB 502

Author

Senate Committee on Finance

,


Author Detail Link

i

Bill Text

Category

Fuel Tax

I

State

NV

d

Summary

Temporarily suspends the 17.65 cent motor fuel tax. Makes an appropriation from the General Fund to the State Highway Fund.

n

Issue

Proposes to revise provisions relating to taxation. Makes an appropriation from the General Fund to the State Highway Fund of $250,000,000 to offset the loss of revenue anticipated for allowing for a discount of motor vehicle tax in FY2024. Suspends the 17.65 cent motor fuel tax established
pursuant NRS 365.175 (2.). The appropriation of the General Funds is intended to replace the proceeds for the tax
normally imposed pursuant to NRS 365.175 that will be discounted in FY2024. This bill also provides for up to $25,000
to the Department to carry out administrative provisions related to implementation.

k

Notes

Dead.

History

05/22/2023 Read first time in Senate. Referred to Senate Committee on Revenue and Economic Development. Action of referral rescinded. Referred to Senate Committee on Finance. 05/23/2023 To Senate Committee on Finance.
06/05/2023 Died upon adjournment.