Arkansas governor signs measure for road funds

Gov. Asa Hutchinson on Tuesday signed into law a bill to impose a wholesale sales tax on gas and diesel fuel, raise electric and hybrid vehicle fees, and reallocate some state casino revenue to raise about $95 million a year more for the state Department of Transportation for highways.

The new law increases the excise tax on gas by 3 cents a gallon to 24.5 cents a gallon and the excise tax on diesel by 6 cents a gallon to 28.5 cents a gallon, effective Oct. 1.