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Committee removes electricity tax provision from proposed transportation trust fund bill

House of Representatives Committee on Transportation (and related panels) · February 12, 2026

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Summary

Committee members adopted a sponsor amendment that strips the provision in HB322 that would have taken 1% of gross receipts from electricity sales to seed a proposed Transportation Trust Fund; the amended bill was advanced from committee.

Chair Dela Cruz opened the session and the committee took up House Bill 322, a proposal to create a transportation trust fund. A sponsor introduced an amendment that "simply strikes section 3 of house bill 3 22," removing a proposed 1% gross‑receipts tax on electricity sales that would have fed the fund.

After brief discussion and a motion to discuss, the committee adopted the amendment without recorded opposition in the hearing and then voted to advance the amended bill. The sponsor said removing the electricity tax provision "makes the bill a little more basic" while preserving the bill’s broader goal of standing up a transportation trust fund.

The sponsor told members the bill as presented sought a $400 million seed contribution and described a planned distribution of motor vehicle excise tax revenue into the new trust fund over time, with an eventual 5% draw beginning in 2029 tied to a three‑year average of available funds. The sponsor also described statutory edits to implement the new fund and said the bill includes a safeguard so that if relevant tax revenues decline, adjustments would be made to prioritize the general fund.

The committee chair said members who had not participated in prior hearings should be given an opportunity for public comment; no in‑room opposition was raised on the amended provision. The chair announced that the committee had passed the bill to the next stage.

Next steps: the amended HB322 will move forward from committee; the record contains the amendment text and the sponsor’s summary for floor consideration.