Gunn touts internet tax for road funding
JACKSON – House Speaker Philip Gunn, R-Clinton, said recently the only revenue available during the 2017 session to address the state’s road and bridge needs comes from a bill that tries to force internet companies to collect for the state the 7 percent tax on retail items.
The bill, which has passed the House, diverts 70 percent of the projected revenue to the state for infrastructure maintenance and 15 percent each to the cities and counties for the same purpose.
Gunn said it has been estimated if the legislation becomes law, it will generate between $75 million and $125 million in new revenue – far short of the $400 million cited by the Department of Transportation as needed yearly to address the state’s infrastructure needs.
Daily Journal
2/16/17
Magnolia Tribune
