CO SB094

Authorizes the high-performance transportation enterprise to impose a surface transportation infrastructure equivalent use fee of up to $120 on plug-in electric vehicle registration, with annual inflation adjustments calculated using the Denver-Aurora-Lakewood consumer price index

Establishes a longevity fee structure that increases annually as vehicles age: $0 in year 1, $2 in year 2, incrementally increasing by $0.50 per year through year 17, and $10 per year from year 18 onward

Effective for registration periods commencing on or after July 1, 2020, with fees collected by authorized agents and remitted to the statewide transportation enterprise special revenue fund for surface transportation infrastructure projects

Intends to ensure plug-in electric vehicle owners contribute fees roughly equivalent to the combined motor fuel taxes and registration fees paid by internal combustion engine vehicle owners

Finds that plug-in electric vehicles use surface transportation infrastructure at similar annual rates to traditional vehicles but for longer useful lifespans, justifying both the infrastructure fee and longevity fee structure