The bill also calls for annual increases based on an “annual index factor” that wouldn’t be more than 1-cent per gallon. This would carry on until July 2, 2024.
The bill would also add a series of fees, including a $15 transportation infrastructure improvement fee applied to all motor vehicles except for those with a declared grow weight of more than 26,000 pounds.
Under the legislation, owners of electric vehicles would also have to pay a supplemental registration fee of $150 with an increase set every five years based on inflation.