No. SB 2506
Filed under Taxes & Budget.
Fuel Taxes; Revising the distribution of the proceeds of the fuel sales tax; revising the transfer of funds received and collected into the Fuel Tax Collection Trust Fund, etc.
Plain English Summary
AI-GENERATEDThe bill caps the amount of fuel tax money sent to the Inland Protection Trust Fund at $150 million annually.
Any fuel tax revenue collected above that $150 million cap is now deposited directly into the state's General Revenue Fund.
This change redirects surplus fuel tax proceeds away from dedicated environmental protection accounts and into the state's general budget.
The $150 million cap applies specifically to moneys collected under s. 206.9935(3) after accounting for any refunds granted.
AIReplaces fixed annual dollar amounts with variable percentages of total fuel tax collections, changing the actual funding levels received by the Fish and Wildlife Conservation Commission.
AIChanges the funding source for recreational boating and freshwater fisheries from a fixed annual amount to a variable percentage of fuel tax collections, and removes the requirement for equal monthly transfers.
AIIncreases the percentage of specific fuel tax collections transferred to the Agricultural Emergency Eradication Trust Fund from 0.65 percent to 1.15 percent.
AIReplaces a fixed annual dollar amount for marina fuel sales with a variable percentage of total fuel tax collections for the Marine Resources Conservation Trust Fund.