Bill > HB0429

This bill adjusts several aspects of transportation funding and sales tax allocation in Utah. Specifically, it modifies the percentage of sales and use tax revenue that is deposited into the Transportation Investment Fund of 2005, increasing the deposit from 17% to 24% for fiscal years beginning on or after July 1, 2023. The bill also introduces new allocations of sales tax revenue, including a 0.44% reduction to fund a Cottonwood Canyons Transportation Investment Fund starting in fiscal year 2024, a 5% reduction (up to $45 million) to support an Active Transportation Investment Fund, and a 1% reduction to create a Commuter Rail Subaccount. Additionally, the bill makes technical changes to other sections of Utah law, such as correcting a reference in the Search and Rescue Financial Assistance Program section and adjusting how certain transportation-related tax revenues are distributed. The bill also includes a fiscal year 2026 appropriation of $330 million from the General Fund to the Transportation Investment Fund of 2005, and is set to take effect on May 7, 2025.

Transportation and Infrastructure

https://le.utah.gov/~2025/bills/static/HB0429.html