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GA HB277
Bill
Status
Passed
6/2/2010
Primary Sponsor
Mark Burkalter
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AI Summary
- Imposes an additional 1 percent statewide special transportation sales and use tax (raising the effective state sales tax rate from 4% to 5%), with all proceeds deposited into a newly created Georgia 2020 Transportation Trust Fund administered by the State Road and Tollway Authority
- Creates an 11-member Georgia 2020 Transportation Trust Fund Oversight Committee (3 appointed by the Governor, 4 by the Lieutenant Governor, 4 by the Speaker of the House) to oversee fund governance, allocate money among projects, and submit annual public reports to the General Assembly beginning January 1, 2012
- Directs up to $25 billion from the trust fund to be committed within 11 years (starting fiscal year 2011) to a detailed list of 27 categories of capital construction programs, including managed lanes on I-75/I-575, interchange improvements across metro Atlanta, statewide economic development corridors, freight route upgrades, unpaved road and bridge grants, and general aviation airport improvements
- Funds multiple transit and multimodal projects including suburban light rail in the Atlanta metro area, commuter rail lines linking Atlanta to Athens-Clarke County, Cartersville, Lovejoy, and Griffin, streetcar lines, the Atlanta BeltLine circulator system, a multimodal hub, and a feasibility study for high-speed or maglev rail to the Port of Savannah
- Effectiveness of the tax and trust fund provisions is contingent on voter ratification of a corresponding constitutional amendment at the November 2010 general election; if not ratified, Parts I and II of the Act automatically repeal on January 1, 2011
Legislative Description
The Georgia 2020 Transportation Act; enact
Last Action
Effective Date
6/2/2010
Committee Referrals
Finance3/4/2009
Transportation2/3/2009
Full Bill Text
No bill text available