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ID H0342

Bill

Status

Engrossed

3/17/2021

Primary Sponsor

Ways and Means Committee

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Increases the transportation expansion and congestion mitigation fund from 1% to 3% of sales tax revenue, with a minimum of $145,000,000 annually.

  • Increases local units of government highway funding allocation from 1.5% to 1.5% of sales tax revenue, maintaining a minimum of $22,500,000 annually.

  • Changes the minimum threshold language for transportation funding distributions to establish specific dollar amounts rather than percentage-only calculations.

  • Requires transportation funding distributions to immediately follow revenue-sharing account distributions under subsection (10).

  • Maintains continuous appropriation status for both transportation funding mechanisms, allowing distributions without separate annual legislative appropriations.

Legislative Description

Amends existing law to increase funding for state and local transportation through sales tax.

TRANSPORTATION

Last Action

Introduced, read first time; referred to: Transportation

3/18/2021

Committee Referrals

Transportation3/18/2021

Full Bill Text

No bill text available