Tagged: one cent sales tax

A proposed 1-cent sales tax for transportation has stalled in the Missouri Legislature.

The sales tax proposal was projected to generate nearly $8 billion over a decade for state highways, local roads and other modes of transportation such as railroads, airports, mass transit and river ports. Cities and counties would each get 5 percent of the revenues, with the rest going to state projects. Voters would have had to approve the tax in 2014 to enact the proposal.

Legislation has been filed in the Missouri Senate that would create a temporary sales tax dedicated to funding transportation needs statewide.

The proposed constitutional amendment would create a one-cent sales tax that would expire after 10 years.  It’s co-sponsored by State Senator Mike Kehoe (R, Jefferson City).  He says the one-penny tax would not be levied on groceries, prescription medicine or fuel.