34 Transportation Funding Options for Texas. Corresponding Revenue Included.
Courtesy of the new LBB report that examines 34 transportation funding options:
- Redirect Motor Vehicle Sales and Use Tax
- $332.2M-$1,229.,5M to State Highway Fund (SHF)
- Redirect Motor Vehicle Rental Tax
- Redirect Revenue from the Automotive Oil Sales Fee
- Rededicate a portion of the battery sales fee to transportation
- Redirect & Increase the New Resident Use Tax
- Implement a Vehicle Miles Traveled Tax
- Index Motor Fuels Tax to Vehicle Fuel Economy
- $343.1M to SHF & $114.4 to Available School Fund (ASF)
- Index Motor Fuels Tax to Average Wholesale Price of Fuel
- $22M to SHF & $74M to ASF
- Index Motor Fuels Tax to Producer Price Index
- $156.4M to SHF & $52.1M to ASF
- Index Motor Fuels Tax to Consumer Price Index
- $142.5M to SHF and $47.5M to ASF
- Increases Motor Fuels Tax, for each 1cent increase revenue of
- $253.5M to SHF & $84.5M to ASF
- Apply Motor Fuels Tax to Fuel Used to Propel Rail Cars
- $193.1M to Rail Relocation & Improvement Fund
- Increase Liquified & Compressed National Gas Tac and Diesel Fuel Tax Based on Energy Content:
- $125.1M to SHF & $41.2M to ASF
- Repeal Motor Fuels Tax Exemptions
- Decrease Motor Fuel Tax Collection Allowance
- %1.1M to SHF & $17.1 to ASF
- Redirect Revenue from Certain Special Vehicle Permits
- Index Motor Vehicle Registration to Fuel Efficiency
- Increase Motor Vehicle Registration Fee by $5
- Index Vehicle Registration Fees to Standard Presumptive Value
- Scale Vehicle Registration Fees to Vehicle Emissions
- Expand the Delinquency Penalty for Late Vehicle Registrations
- Establish an Inefficient Vehicle $100 Surcharge Fee
- Establish an annual Vehicle Equalization Fee of $100 on vehicles not powered by motor fuels & $50 fee on hybrids
- Establish a Fee on Electric Vehicle Charging Stations
- Eliminate SHF appropriations to agencies other than TXDOT
- Increase the Vehicle Certificate of Title Fee
- Generate Revenue from State Ferry Operations
- Increase Drivers License Fee to $36, Occupations License to $25, Commercial License to $90 and duplicate license fee to $15
- $80.2M to Texas Mobility Fund (TxMF)
- Increase the Motor Vehicle Safety Inspection Fee by $1.5 annually and by $4.25 for 2 year inspections
- Adjust Highway Maintenance Fee to include distance traveled
- Generate Revenue from Advertising
- Remove the Motor Vehicle Sales and use Tax Exemption on Hydrogen Powered Vehicles
- No Signifiant Fund Increase
- Establish Impact Fees to Fund Transportation