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2005 SESSION

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HB 2771 Insurance license tax; Transportation Investment Fund; one-third of revenues deposited therein.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Commonwealth Transportation Investment Fund.  Creates the Commonwealth Transportation Investment Fund and dedicates to it one-third of all insurance license tax revenues to be used for transportation projects throughout the Commonwealth. The revenues are allocated to each highway construction district for transportation projects on a pro rata basis according to population. The transportation projects to be funded shall be determined by the Commonwealth Transportation Board.


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