Bill > H4530

This bill makes several key changes to transportation finance in Massachusetts: It establishes a new Transit Authority Fund that will provide dedicated funding for the Massachusetts Bay Transportation Authority (MBTA) and regional transit authorities, funded in part by a new assessment on transportation network companies (TNCs) like Uber and Lyft. It increases the minimum corporate excise tax and changes the motor vehicle excise tax structure, including imposing a per-ride assessment on TNCs. The bill also exempts certain transportation-related purchases from the state sales tax. Additionally, it creates new regulations for personal vehicle sharing companies and requires the establishment of a roadway and congestion pricing commission to study and make recommendations on implementing tolls and congestion pricing in the state. The bill aims to provide more stable and sustainable funding for public transit while also addressing the impacts of emerging transportation technologies.