HB 1346 Summary

• Dedicates a portion of sales and use tax revenue from new and used vehicles to highway construction and maintenance, phased in over 10 years starting at 10% and reaching 100% by year 10, with 70% to state highways, 15% to counties, and 15% to municipalities

• Dedicates a portion of general sales and use tax revenue to highways once annual general revenue for sales and use tax exceeds $2.2 billion, phased in over 10 years starting at 0.6% and reaching 6% by year 10, distributed 70% to state, 15% to counties, and 15% to municipalities

• Dedicates increasing percentages of natural gas severance tax revenues (20% to 100% over five years) to fund two-year college education, highway industry workforce development, and workforce training programs

• Creates the Highway Industry Workforce Development Program Fund to provide grants and funding for career and technical education programs related to highway construction and maintenance

• Establishes a Workforce Training Grant Program administered by the Department of Career Education to award grants for workforce training development using funds from the Skills Development Fund

• Declares emergency effective July 1, 2015, based on dire need for highway construction, reconstruction, and maintenance