New Gas Tax Bill Proposed; Value Added Measure Filed/deadline Today
Tipton, David, THE JOURNAL RECORD
Today is the deadline by which all new bills have to be introduced into the Legislature.
House Bill 1257, by Rep. Larry Gish, D-Stillwater, would establish the Oklahoma Business Value Added Tax, a 1 percent tax on both goods imported into the state and on the value of any taxable goods and services within the state.
Gish has also introduced his own fuel tax bill. The House Revenue and Taxation Committee is slated to take up another gas tax bill, House Bill 1061, by Rep. Walter Hill, R-Turpin, and Sen. Jerry Smith, R-Tulsa, in today's meeting.
However, Gish's bill is quite different from the earlier bill proposed by Hill and Smith.
Under HB 1252, the excise tax on diesel fuel would go from 5.5 cents per gallon to 6 cents per gallon, while the tax on gasoline would go from 10 cents to 10.5 cents.
A half cent of the 6 cent diesel tax would be apportioned to the Oklahoma Department of Transportation to be used for construction and maintenance of state highways.
The original of HB 1061 did not include a provision for an increase in diesel fuel tax, but the bill is expected to include such a provision when it comes to the revenue and taxation committee today.
- House Bill 1227, by Rep. Jim Henshaw, R-Tulsa, would create the Product Liability Act, which establishes what the liabilities of the product seller and manufacturer are to the buyer.
Under the provisions of the bill, an individual who brought a lawsuit against a seller or manufacturer must prove the product was unreasonably unsafe in construction and design. …