VT H0643

Redirects all purchase and use tax revenue from the Education Fund to the Transportation Fund over a six-year phase-in period beginning July 1, 2026

Reduces the Education Fund's annual cap on purchase and use tax revenue by $10 million each year: from $50 million (current) to $40 million (2027), $30 million (2028), $20 million (2029), $10 million (2030), and full repeal (2031)

Eliminates the Education Fund's share of purchase and use tax entirely by July 1, 2031, when the relevant statutory provision is repealed

Amends 16 V.S.A. § 4025(a)(5), which currently allocates one-third of purchase and use tax revenues to the Education Fund