(A) A road tax for the privilege of using the streets and highways in this State is imposed upon every motor carrier. The tax is equivalent to the user fee imposed pursuant to Section 12-28-310, calculated on the amount of gasoline or other motor fuel used by the motor carrier in its operations within this State. Except as credit for certain taxes as provided for in this chapter, taxes imposed on motor carriers by this chapter are in addition to taxes imposed upon the carriers by any other provision of law.
(B) Notwithstanding any other provision of law, all of the road tax funds collected in excess of sixteen cents a gallon after accounting for the credit provided in Section 56-11-450, must be credited to the Infrastructure Maintenance Trust Fund.
HISTORY: 1996 Act No. 459, Section 224; 2017 Act No. 40 (H.3516), Section 3.A, eff July 1, 2017.
Effect of Amendment
2017 Act No. 40, Section 3.A, inserted the paragraph identifiers; in (A), substituted "the user fee imposed pursuant to Section 12-28-310" for "sixteen cents a gallon"; and added (B), providing that excess funds must be credited to the Infrastructure Maintenance Trust Fund.