Colorado HB1430 adjusts transportation funding by reducing certain taxes and fees, creating a support road transportation fund, and setting new rates.

Colorado HB1430, known as the "Colorado Budget Protection Act," responds to a proposed initiative that would increase state revenue dedicated to road transportation. The bill reduces the excise tax on gasoline from $0.22 to $0.14 per gallon and on special fuel from $0.215 to $0.13 per gallon, effective from January 1, 2027, to July 1, 2030. It also lowers road usage fees and vehicle registration fees to prevent an increase in transportation funding at the expense of critical state services.

Colorado HB1430 adjusts transportation funding by reducing certain taxes and fees, creating a support road transportation fund, and setting new rates.

Colorado HB1430, known as the "Colorado Budget Protection Act," responds to a proposed initiative that would increase state revenue dedicated to road transportation. The bill reduces the excise tax on gasoline from $0.22 to $0.14 per gallon and on special fuel from $0.215 to $0.13 per gallon, effective from January 1, 2027, to July 1, 2030. It also lowers road usage fees and vehicle registration fees to prevent an increase in transportation funding at the expense of critical state services.