7 Matching Annotations
- Mar 2019
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governor.alabama.gov governor.alabama.gov
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Port Funding ∑Up to $10,200,000 annually will be distributed for the purpose to finance the improvement of the ship channel providing access to the facilities of the Alabama State Docks.
Gas and diesel tax to pay for inland waterways, interesting.
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Electric/Hybrid Fees∑$250 license and registration fee on elective vehicles (EVs), $125 on hybrid-electric vehicles (HEVs).oDistribution of the first $150 on EVs, and first $75 on HEVs, shall be distributed 66.67% to the state, 25% to the counties, and 8.33% to municipalities.oRemainder shall be deposited in the Rebuild Alabama Fund to support the Electric Transportation Infrastructure Grant Program until 2% of the total vehicle registrations in AL are EVs and HEVs
States are realizing they need the rev from electric. Will the feds? This $ would be used for electric infrastructure.
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Index ∑Beginning June 1, 2023, and every otheryear thereafter:oThe Department of Revenue will calculate the National Highway Construction Cost Index (NHCCI) issued by the US Federal Highway Association for the current year compared against the previous year.oCannot increase OR decrease by more than 1 cent
Indexed at 1 cent up or down per year
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ALDOT, Counties, and Municipalities can only use the new revenue for:oMaintenance or construction of roads and bridges, match funds for federal road or bridge projects, or the payment of any debt, subject to certain limits in the Act,associatedwith road or bridge projects
And port uses below...no non-road or bridge uses.
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Distribution of New Revenue∑State –66.67%∑Counties –25%∑Municipalities –8.33%
Low number for municipalities
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Rebuild Alabama Act
Red state republican governor.
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New Revenue∑6 Cents, Effective October1, 2019∑2 Cents, Effective October1, 2020∑2 Cents, Effective October1, 2021
Basically, 10 cents phased in over 3 years, then indexed up to 1 cent change up or down per year thereafter.
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