CA AB338

Authorizes the Los Angeles County Metropolitan Transportation Authority (MTA) to impose an additional transactions and use tax of 0.5% for up to 30 years, subject to voter approval by two-thirds majority.

Requires the tax ordinance to include an expenditure plan listing funded transportation projects, with provisions ensuring equitable revenue sharing across county regions.

Mandates allocation of 20% of net tax revenues for bus operations and 5% for rail operations, distributed to MTA and eligible municipal transit operators under Section 99285.

Exempts the authorized tax from the statewide 2% combined transactions and use tax rate limitation in Revenue and Taxation Code Section 7251.1.

Limits MTA administration costs to 1.5% of total tax revenues and requires net revenues to be used exclusively for transportation projects identified in the expenditure plan.