30 Apr '17, 10am

California Governor signs $52B fuel tax and vehicle fee bill for transportation infrastructure; $100 ZEV fee

California Governor signs $52B fuel tax and vehicle fee bill for transportation infrastructure; $100 ZEV fee 30 April 2017 California Governor Edmund G. Brown Jr. signed into law SB1 , the Road Repair and Accountability Act of 2017. The bill will raise $52.4 billion over the next decade through an increase in fuel taxes and vehicle fees—including on zero emission vehicles (ZEVs)—to fix roads, freeways and bridges in communities across California and put more dollars toward transit and safety. The package is funded in the following ways: $7.3 billion by increasing diesel excise tax 20 cents (currently $0.13) on 1 November 2017. $3.5 billion by increasing diesel sales tax to 5.75% on 1 November 2017. $24.4 billion by increasing gasoline excise tax 12 cents (currently $0.30) on 1 November 2017. $16.3 billion from an annual transportation improvement fee based on a vehicle’s v...

Full article: http://www.greencarcongress.com/2017/04/20170430-sb1.html

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