$2.5 billion plan to fix Oregon’s roads and bridges appears to be
back on track after a Senate panel unanimously approved the revised
package that delays a tax credit for truckers.
as amended, would eliminate an estimated $4 million gap in the 2003-2005
budget, addressing concerns by senators that had derailed a scheduled
floor vote on the bill earlier this month.
amended version approved by the Senate Revenue Committee July 14
doesn’t stray far from the original version that breezed through
the House last month. But it deletes a provision giving truckdrivers
$3 million a year for buying cleaner engines, and as much as $2
million a year to pay for mass transit and other purposes.
compromise retains only the tax credit, but delays implementation
so truckers could not claim it until 2005, The Oregonian reported. Truckers would be reimbursed from $400 to $925 for each
engine bought in calendar years 2004 through 2007. The credit would
still be limited to $3 million each year.
of the $2.5 billion the transportation-financing plan would raise
over 10 years comes from bonds repaid from higher vehicle registration
and title fees.
truck registration fees would increase about 53 percent, and their
weight-mile taxes would climb almost 10 percent starting Jan. 1,
the newspaper reported. Car title fees would increase from $30 to
$55 starting Jan. 1. Registration fees would go from $30 to $54
every two years.
full Senate is expected to vote on the bill by the end of the week.