Attorney General No.

13-0046

Secretary of State No.

1632

Description

Increases vehicle license fee by 1% of a vehicle's value, phased in over four years. Exempts commercial vehicles from 1% increase if diesel fuel taxes are raised by three cents per gallon. Requires new fees to be deposited in a special fund. Also redirects certain sources of current state revenue to this special fund. Disburses revenue from the special fund to pay-as-you-go transportation projects, including local streets and roads, state highways, and public transportation. Prohibits use of fund for other purposes. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government:Increased state revenues from a new tax on vehicles of $3 billion to $4 billion annually for state and local transportation programs.

Proponents

Will Kempton and James Earp c/o Kurt Oneto (916) 446-6752

Date

1-13-2014

Document Type

Initiative

Qualified

Failed to Qualify

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