Transportation industry stakeholders across the state are celebrating the House’s passage of SB 262 last night. SB 262 gives new life for state transportation funding as it produces over $800 million annually to address transportation needs across the state. Specifically, the bill proposes a 2.5 cent increase in the motor fuel tax each year though 2025 to a total of 12.5 cents.
Championed by Missourians for Transportation Investment (MFTI), SB 262 has been supported by MSPE and over eighty associations and companies.
SB 262, which already passed the Senate 22-13, was approved by the House 104-52. Because the bill was not amended by the House, it now heads to Governor Parson’s desk.
MSPE wishes to thank the legislators that supported the bill and special thanks to Missourians for Transportation Investment and ACEC Missouri, who spent an enormous amount of time on the effort.