KY HB370

Establishes fixed motor fuel excise tax rates of $0.296 per gallon for FY 2026-2027 and $0.346 per gallon for FY 2027-2028, replacing the previous formula based on 9% of average wholesale price, with annual adjustments tied to the National Highway Construction Cost Index 2.0 capped at 5% increase or decrease per year.

Increases various vehicle registration and licensing fees, including standard motor vehicle registration from $11.50 to $22, motorcycle registration from $9 to $15, certificate of title fees from $9 to $25, and driver's license reinstatement fees from $40 to $100.

Creates a multimodal transportation fund to support transit programs, rail crossing improvements, riverports, and general aviation airports.

Modifies revenue sharing formulas for county roads and urban streets when total fuel tax revenues exceed $825 million, setting fixed dollar amounts plus 13% of excess revenues for local road construction and maintenance.

Adds a $10 late fee for vehicle registrations not renewed within 30 days of expiration and requires rejection of single bids exceeding engineer's estimates on highway construction contracts unless certified as urgent or emergency projects.