Oklahoma fuel tax bill advances

| Thursday, March 27, 2003

A plan to seek Oklahoma voters’ approval for tax increases on diesel and gasoline passed a Senate committee March 25.

The Senate Transportation Committee voted 12 to 8 for the bill, sending it to the full Senate for consideration.

HB1385 asks voters to raise the diesel tax from 14 to 22 cents a gallon and the gasoline tax from 17 to 22 cents a gallon. The state would receive $145 million annually from the tax increases, The Oklahoman reported.

“Revenues from the new taxes will be used for various transportation needs,” the bill’s sponsor, Rep. Larry Ferguson, R-Cleveland, wrote. “The remainder of the revenues will be deposited to the State Highway Construction and Maintenance Fund.”

If approved by the Legislature and signed by the governor, the proposal would go before the public in the November 2004 general election.

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