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Senate Joint Resolution 5 |
Senate Author: Nichols et al. |
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For Election: 11-3-15 |
House Sponsor: Pickett et al. |
Senate Joint Resolution 5 proposes an amendment to the state constitution to dedicate a portion of the revenue derived from the state sales and use tax and the tax imposed on the sale, use, or rental of a motor vehicle to the state highway fund. For each dedication, the resolution establishes the amount of revenue from that source that must be exceeded in the state fiscal year before the dedication takes effect. The resolution sets out conditions under which the dedicated amounts may be reduced and establishes the authorized uses of the dedicated revenue. The resolution establishes the effective date of each dedication, contingent on voter approval, and the expiration date, which is subject to extension by action of the legislature.