H03142021 Regular Session
Amends existing law to increase funding for state and local transportation through sales tax and adjustments to the Transportation Expansion and Congestion Mitigation program.
TRANSPORTATION -- Amends existing law to increase funding for state and local transportation through sales tax and adjustments to the Transportation Expansion and Congestion Mitigation program.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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This legislation amends the Transportation Expansion and Congestion Mitigation (TECM) program found in Idaho Code Section 40-720 to provide for additional funds for Idaho’s roads and bridges. It increases the sales tax used already to bond for the TECM program from 1% to 4.5%, but not less than $67 million dollars. It also allows for local governments to participate in bonding.
LATEST ACTION
U.C. to be returned to Transportation & Defense Committee
BILL INFO
- Session
- 2021
- Chamber
- house
- Status date
- Mar 9, 2021
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