LITTLE ROCK, Ark. (AP) An Arkansas Senate panel has endorsed a proposal to
raise gas taxes and tap into expected casino revenue to increase funding for the
state’s highways.The Senate Revenue and Tax Committee on Wednesday approved the first part of a $300 million highway funding plan Gov. Asa Hutchinson and legislative leaders unveiled last week. The measure is expected to go before the full Senate for a vote on Thursday.
The proposal includes a new wholesale tax on fuel that would raise gas prices
by 3 cents a gallon and diesel by 6 cents a gallon. It also calls for the state
to direct $35 million a year in expected casino revenue toward roads, and would
raise registration fees for electric and hybrid vehicles.
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