The California Legislature passed Senate Bill 1, raising gas taxes and vehicle fees in hopes of generating tens of billions of dollars to fix the state's roads.
The tax increases will take effect November 1 and new vehicle registration fees will begin Jan. 1, 2018. Fees on zero-emission vehicles will take effect July 1, 2020, according to the text of the bill.
To raise a projected $52.4 billion over 10 years, changes to taxes and fees include:
· A 12-cent increase in the gasoline excise tax
· A 20-cent increase in the diesel excise tax
· A 5.75 percent increase in the diesel sales tax
· A new vehicle fee, which will annually charge drivers between $25 and $175, depending on the value of the vehicle
· A $100 annual fee on zero-emission vehicles
The vote brings California's gas excise tax to 30 cents per gallon.
