2025 Highway Use Tax Law Changes
Highway Use Tax - Article 5A
This subsection is amended and provides “[e]ach quarter, the Secretary shall credit thirty percent (30%) of the net tax proceeds to the Scrap Tire Disposal Account. In the event the amount in the Account exceeds three hundred thousand dollars ($300,000) at the end of any fiscal year, such excess shall be credited to the Highway Fund. The Secretary shall distribute the remaining seventy percent (70%) of the net tax proceeds among the counties on a per capita basis according to the most recent annual population estimates certified to the Secretary by the State Budget Officer." [Emphasis added.]
(Effective October 1, 2025, and applies to quarterly crediting of the proceeds of the scrap tire disposal tax occurring on or after that date; SB 706, s. 1.(a). S.L. 2025-66.)