SB 654-Relating to Transportation
On Tuesday, March 14th, SB 654, by Senator Jack Latvala (R-Clearwater) was heard by the Senate Appropriations Subcommittee on Finance and Tax  and passed unanimously by a vote of 5 yeas to 0 nays. AIF’s Senior Vice President of State and Federal Affairs, Brewster Bevis, stood in support of this bill.

This bill shifts the distribution of the annual license taxes imposed on certain motor vehicle registrations from the General Revenue Fund to the State Transportation Trust Fund (STTF). Beginning in Fiscal Year 2019-20, 50 percent of the portion of the annual license tax that is deposited into the General Revenue Fund is shifted to the State Transportation Trust Fund; in Fiscal Year 2020-2021, the remaining 50 percent is shifted into the STTF.

SB 654 will go on to the Senate Committee on Appropriations for its next hearing.

AIF SUPPORTS the distribution of additional funds to the State Transportation Trust Fund (STTF) in order to maintain Florida’s infrastructure.