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ID H0299
Bill
Status
3/19/2015
Primary Sponsor
Ways and Means Committee
Click for details
AI Summary
House Bill 299 Summary
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Highway Distribution Account Changes: Increases state highway account allocation from 57% to 60%, and reduces local units of government allocation from 38% to 40% of highway distribution account revenues.
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Motor Fuel Tax Increase: Raises motor fuel tax from 25 cents to 30 cents per gallon effective July 1, 2015, then to 33 cents per gallon effective July 1, 2018, with additional 8 cents per gallon directed to highway distribution account.
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Vehicle Registration Fees: Increases annual registration fees for various vehicle classes (motorcycles, pickup trucks, school buses, commercial vehicles) and establishes new fees of $205 for electric vehicles and $100 for hybrid vehicles.
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Petroleum Transfer Fee Modifications: Changes transfer fee on petroleum products from 1 cent to 3 cents per gallon with conditional suspension and reinstatement based on Petroleum Clean Water Trust Fund balance thresholds.
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Transportation Infrastructure Fund: Creates new Transportation Infrastructure Fund to receive one-third of general fund revenue growth above 4% (up to 1% annually) for GARVEE debt service, with staggered implementation beginning July 1, 2015.
Legislative Description
Amends, repeals and adds to existing law to revise apportionment provisions relating to the Highway Distribution Account; to revise the transfer fee imposed on petroleum products and to provide alternate means of distribution of transfer fees; to revise registration fees; to revise certain permit fees; to provide for criteria relating to registration; to provide for electric vehicle and hybrid vehicle fees; to provide for the transfer of certain General Fund collections to the Budget Stabilization Fund and the Transportation Infrastructure Fund and to provide for the Transportation Infrastructure Fund; to revise the tax imposed on motor fuel; and to revise provisions regarding the distribution of tax imposed on motor fuel.
TRANSPORTATION
Last Action
Reported Printed and Referred to Transportation & Defense
3/19/2015