6F90C977592D2FA7872583C3007C5796 Hearing Summary

Representative Liston asked to postpone indefinitely House Bill 19-1157 concerning the modification of specific ownership tax rates, and, in connection therewith, requiring additional specific ownership tax revenue generated by the rate modification to be credited to the Highway Users Tax Fund (HUTF) and allocated to the State Highway Fund, counties, and municipalities in accordance with an existing statutory formula. The bill modifies rates of ownership tax for motor vehicles, commercial trailers, and special mobile machinery less than 25 years old.  The bill will increase ownership revenue tax to be transferred to the HUTF to be allocated to the state, counties, and municipalities in accordance with the second stream statutory formula.  The revenue may only be used for state highways, county roads, and municipal streets.