Brief ⁽¹⁾

HB 2507, as amended, would accelerate from July 1, 2003, to July 1, 2001, the final phase of the motor fuels tax increase enacted in 1999 as part of the Comprehensive Transportation Program.

The bill also adjusts statutory provisions relative to the participation of the State Highway Fund and Special City County Highway Fund to assure that the accelerated revenues will be deposited solely in the former fund.

Finally, it is contemplated that the transfer of sales tax receipts from the State General Fund to the State Highway Fund would be reduced in FY 2002, FY 2003, and FY 2004 by the estimated amounts of motor fuel tax revenues which will have been accelerated into the State Highway Fund. (The ultimate adjustment to the transfer statute will be made in the omnibus bill, along with two others, for reconciliation purposes.)

Background

The net impact of the accelerator is to hold the Comprehensive Transportation Program - both the state and local portions - harmless relative to current law but free up additional State General Fund resources to the extent of the reductions in the sales tax transfer.

The amount of additional State General Fund resources freed up by this methodology is as follows:

HB 2507, as amended by the House Committee of the Whole, dealt with the eligibility of certain elected state officers and employees to opt out of participation in KPERS. The Senate Ways and Means Committee struck the entirety of that version and replaced it with the motor fuels accelerator provisions.

1. *Supplemental notes are prepared by the Legislative Research Department and do not express legislative intent. The supplemental note and fiscal note for this bill may be accessed on the Internet at http://www.ink.org/public/legislative/fulltext.cgi