Bill > H0025

This bill amends existing law to change how certain sales tax revenues are distributed, directing more funds to the transportation expansion and congestion mitigation fund and local governments for highway projects, and declares an emergency. * **Transportation Expansion and Congestion Mitigation Fund:** * Prior to July 1, 2025: $80,000,000 annually from sales tax revenues. * July 1, 2025 - June 30, 2026: $100,000,000 from sales tax revenues. * July 1, 2026 - June 30, 2027: $120,000,000 from sales tax revenues. * Commencing July 1, 2027, and each fiscal year thereafter: $140,000,000 annually from sales tax revenues. * Funding Source: Sales tax revenues collected under chapter 36, title 63, Idaho Code. * Purpose: To finance projects that expand the state system to address and mitigate transportation congestion. * **Local Highway Projects:** * Prior to July 1, 2025: The remaining sales tax revenue in excess of $80,000,000 allocated to the transportation fund, with a minimum of $80,000,000 and a maximum of $140,000,000 annually. * July 1, 2025 - June 30, 2026: $45,000,000 annually from sales tax revenues. * July 1, 2026 - June 30, 2027: $45,000,000 annually from sales tax revenues. * Commencing July 1, 2027, and each fiscal year thereafter: $45,000,000 annually from sales tax revenues. * Funding Source: Sales tax revenues collected under chapter 36, title 63, Idaho Code. * Purpose: Apportioned to local units of government for local highway projects, including road and bridge maintenance, expansion of travel lanes, and congestion mitigation. This bill covers multiple fiscal years, with specific funding amounts and distribution percentages changing over time, particularly for transportation projects. The funds are continuously appropriated.