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| Every railroad company incorporated under the laws of this State | | or doing business in this State shall file with the State Tax | | Assessor annually, on or before April 15th, a railroad excise tax | | return, on a form prescribed by the State Tax Assessor. The tax | | must be paid in equal installments on the next June 15th, September | 15th and December 15th. The | | subsection 1, the Treasurer of State shall deposit all taxes paid | | under this chapter into the Railroad Preservation and Assistance | | Fund established under Title 23, section 7103. |
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| | | 1. Railroad Freight Service Quality Fund.__The Treasurer of | | State shall each year deposit $20,000 of the taxes paid under | | this chapter in the Railroad Freight Service Quality Fund | | established under Title 35-A, section 1711. |
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| | | This subsection is repealed 90 days after the adjournment of the | | Second Regular Session of the 123rd Legislature. |
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| | | Sec. 4. Authority to report legislation. The Joint Standing Committee on | | Utilities and Energy and the Joint Standing Committee on | | Transportation may jointly report out legislation concerning | | railroad freight service to the Second Regular Session of the | | 122nd Legislature. |
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| | | Sec. 5. Appropriations and allocations. The following appropriations and | | allocations are made. |
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| | | Initiative: Allocates general operating funds to assist the | | Public Advocate in enhancing and promoting railroad service | | quality in the State. |
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| | | OTHER SPECIAL REVENUE FUNDS | 2005-06 | 2006-07 |
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| | | OTHER SPECIAL REVENUE FUNDS TOTAL | $20,000 | $20,000 |
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| | | DEPARTMENT TOTALS | 2005-06 | 2006-07 |
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| | | OTHER SPECIAL REVENUE FUNDS | $20,000 | $20,000 |
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| | | DEPARTMENT TOTAL - ALL FUNDS | $20,000 | $20,000 |
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| | | TRANSPORTATION, DEPARTMENT OF |
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