SB 227: An Act relating to the Multistate Tax Compact; relating to apportionment of income to the state; establishing a state sales and use tax; relating to taxes levied by cities and boroughs; relating to the corporate income tax; authorizing the Department of Revenue to enter into the Streamlined Sales and Use Tax Agreement or substantially similar agreement; relating to the oil and gas production tax; establishing an infrastructure maintenance surcharge on oil; establishing a pipeline corridor maintenance fund; and providing for an effective date.
Topics
✓ Budget & TaxesSupports Budget & TaxesEstablishes new state sales tax and oil production surcharge, creating revenue streams for infrastructure funds and streamlining tax collection.
✗ EnergyOpposes EnergyBill imposes oil production surcharge and creates pipeline maintenance fund, supporting fossil fuel infrastructure over renewable energy initiatives.
✓ TransportationSupports TransportationBill establishes pipeline corridor maintenance fund and infrastructure surcharge on oil, directly funding transportation infrastructure maintenance.