SB 802- Relating to Use Tax for Asphalt
On Monday, February 8th, SB 802, relating to Use Tax for Asphalt, sponsored by Senator Lizbeth Benacquisto (R-Fort Myers) was heard by the Senate Finance and Tax Committee and passed. AIF’s Senior Vice President of State and Federal Affairs, Brewster Bevis, stood in support of this bill.

SB 802 will phase out the tax on manufactured asphalt used for any federal, state, or local government public works project, which under current law this tax is reduced by 40 percent.

SB 802 will further reduce the tax on manufactured asphalt by 60 percent beginning July 1, 2016; by 80 percent beginning July 1, 2017; and by 100 percent beginning July 1, 2018.

The next committee stop for this SB 802 will be in the Senate Appropriations Committee.

AIF supports phasing out tax on road projects used for federal, state, or local government work.