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FL H0107
Bill
Status
Introduced
10/2/2023
Primary Sponsor
Ways & Means Committee
Click for details
AI Summary
- Revenue Estimating Conference must estimate the General Revenue Fund impact of sales tax on electricity used to charge electric vehicles by June 1 of 2024, 2025, and 2026 for the corresponding fiscal years, with estimates provided to the Department of Revenue by June 10 each year; this requirement repeals June 30, 2027
- Department of Revenue must make monthly distributions to the State Transportation Trust Fund equal to one-twelfth of the Revenue Estimating Conference's annual estimate of sales tax collected on EV charging electricity, beginning July 2024 and repealing June 30, 2027
- Office of Economic and Demographic Research must produce a report estimating the long-term impact on the State Transportation Trust Fund, the effect on sales tax and gross receipts tax revenues from EV and plug-in hybrid adoption, residential vs. commercial charging usage, and the influence of federal EV incentive policies
- The report must be submitted to the Governor, Senate President, and House Speaker by December 1, 2026, for use by the 2027 Legislature in considering policy changes to address long-term transportation funding impacts from EV adoption
- Department of Transportation and Department of Revenue are required to assist the Office of Economic and Demographic Research in producing the report
Legislative Description
Impact of Electric Vehicles and Plug-in Hybrid Electric Vehicles on State Revenues and State Trust Funds
Last Action
Died on Second Reading Calendar
3/8/2024
Committee Referrals
Infrastructure Strategies Committee2/1/2024
Ways and Means Committee1/16/2024
Transportation & Modals Subcommittee10/17/2023
Full Bill Text
No bill text available