Dedicated Revenue Mechanisms for Freight Transportation Investment (2012) / Chapter Skim
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Pages 61-69
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From page 61... ...
61 Concept An annual or periodic federal vehicle registration fee appears to be a flexible candidate mechanism for funding freight infrastructure. Such a system has the advantage of simplicity, low implementation and collection costs, and potential application to non-highway modes.
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62 0 1,000,000,000 2,000,000,000 3,000,000,000 4,000,000,000 5,000,000,000 6,000,000,000 Cu rr en t D ol la rs LUBE OIL PARTS TREAD RUBBER SALES INNER TUBES HVUT TIRES Figure 9. Federal excise and sales tax revenue.
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63 Heavy Vehicle Use Tax The HVUT is assessed annually on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 lb. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on road by the truck-trailer combination.
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64 being the dominant factor. Every state includes vehicle weight in fee calculations, with most using GVW class designations.
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65 Expanding the Current HVUT Collection Mechanism The HVUT is an annual lump sum and can be a significant cash flow impediment for some motor carriers. For large carriers with 25 or more vehicles, electronic filing is accomplished using a credit card or other means of electronic payment.
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66 trucks (the HVUT currently covers Class 8 trucks only)
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67 absence of implementation costs. A registration fee would use existing collection systems without the need for deploying new technology.
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Revenue Option Years to First Revenue Federal Implementation Cost Phase-In Years Tax Burden Passed to Customers First Year Annual Registration Fee Class 7&8 freight 1 1 33% Class 7&8 all types 1 1 33% Class 4-8 freight 1 1 33% Class 4-8 all types 1 1 33% Source: Tioga Group Analysis. Tax Burden Passed to Customers Second Year Tax Burden Passed to Customers Third Year Implementation and Compliance Cost Passed to Customers First Year Second Year Third Year Implementation and Compliance Cost Passed to Customers Implementation and Compliance Cost Passed to Customers 66% 100% 33% 66% 100% 66% 100% 33% 66% 100% 66% 100% 33% 66% 100% 66% 100% 33% 66% 100% Table 39.
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From page 69... ...
69 • The public appears less sensitive to increases in registration fees than to other taxes or fees. Voters in California have recently approved increases in vehicle registration fees for specific purposes.
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