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IN HB1001
Bill
Status
3/23/2016
Primary Sponsor
Edmond Soliday
Click for details
AI Summary
HEA 1001 Summary
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Transfers excess state reserves from fiscal year 2016 (amounts exceeding 11.5% of general revenue appropriations) to transportation funding: 55% to state highway fund and 45% to local road and bridge matching grant fund.
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Redistributes gasoline use tax collections beginning fiscal year 2017, allocating percentages to motor vehicle highway account and local road/bridge matching grant fund that increase over time based on whether counties adopt approved transportation asset management plans.
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Authorizes counties and municipalities with approved transportation asset management plans to impose higher rates for motor vehicle license excise surtax and wheel tax to fund local road and bridge projects.
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Establishes new local road and bridge matching grant fund administered by Indiana Department of Transportation to provide grants to local units that commit matching funds for road and bridge repairs, with preference given to counties under 50,000 population.
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Creates task force to develop long-term plans for state highway, major bridge, and local road/bridge needs, including evaluation of funding mechanisms and presentation to budget committee by January 1, 2017.
Legislative Description
Road funding. At the end of state fiscal year 2016, transfers state reserves that exceed 11.5% of general revenue appropriations as follows: (1) 55% to the state highway fund. (2) 45% to the local road and bridge matching grant fund. Provides that use tax collected on sales of gasoline is distributed differently than ordinary sales and use tax collections. Allows a county that uses a transportation asset management plan approved by the Indiana department of transportation (department) to impose the county motor vehicle license excise surtax and the county wheel tax at higher rates. Authorizes an eligible municipality to impose
Last Action
Public Law 146
3/23/2016