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House committee debates HB322 transportation trust fund; vote ties and bill stays in committee
Summary
HB322 would create a Transportation Trust Fund and redirect portions of motor vehicle excise tax and a slice of electricity GRT to grow the fund; proponents said it would help match federal funds, industry witnesses backed it, but a committee roll call ended in a tie and the motion to pass failed, leaving the bill in committee.
Ranking member Brown presented House Bill 322, which proposes creating a Transportation Trust Fund and a Transportation Program Fund to provide a dedicated revenue stream for road projects and to supply matching funds for federal grants. Brown described several revenue mechanisms in the bill, including phased treatment of the motor vehicle excise tax (MBET) and a portion of gross receipts tax (GRT) on electricity to help…
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