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MD HB1025

MD HB1025
Transportation - Motor Fuel Tax Rates, Vehicle-Miles-Traveled Tax, and Farebox Recovery Requirement (Transportation Equity, Fairness, and Privacy Act of 2024)


summary

Introduced
02/05/2024
In Committee
02/05/2024
Crossed Over
Passed
Dead
04/08/2024

Introduced Session

2024 Regular Session

Bill Summary

Repealing a requirement that certain motor fuel tax rates be adjusted in future years based on growth in the Consumer Price Index for all urban consumers; prohibiting the State or a local jurisdiction from imposing or levying a vehicle-miles-traveled tax or certain other similar fees, tolls, or taxes; requiring that the Maryland Transit Administration achieve a certain farebox recovery requirement for certain transit services; etc.

AI Summary

This bill, titled the "Transportation Equity, Fairness, and Privacy Act of 2024," proposes several key changes to Maryland's transportation laws. It repeals the requirement to annually adjust motor fuel tax rates based on the Consumer Price Index, prohibits the state or local jurisdictions from imposing or levying a vehicle-miles-traveled tax or similar fees, and requires the Maryland Transit Administration to achieve a specific farebox recovery requirement (35% of total operating costs) for its bus, light rail, metro subway, and passenger railroad services. The bill also exempts the minimum fare price increases required to meet the farebox recovery requirement from the public hearing process.

Committee Categories

Budget and Finance

Sponsors (32)

Last Action

House Ways and Means Hearing (13:00:00 2/27/2024 ) (on 02/27/2024)

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