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It's
TIME
to stay
informed
Welcome
subscribers to the inaugural TIME-21 e-alert. We hope that you find
these periodic alerts beneficial in keeping you informed about the
challenges facing Iowa's public roads system, as well as any legislative
solutions that are proposed.
Don’t
miss the latest news. Click on "HOT Topics" listed to
the right.
To learn even
more about Iowa's public roads system, you're also invited to read
the Quick Facts offered with each e-alert.
If
you want to follow the day-to-day happenings, keep visiting the
TIME-21 Web site www.iowadot.gov.
It's TIME to
stay informed.
Dena M. Gray-Fisher,
Director
Media and Marketing Services
Iowa Department of Transportation
Quick
Facts
Iowa
Road Use Tax Fund (RUTF)
Established
in 1949 by the 53rd Iowa General Assembly, the RUTF has provided
a stable and reliable source for investing in the state's primary,
secondary and municipal roadway systems.
After some off-the-top
diversions, receipts into the fund are distributed according to
a formula of 47.5 percent for the Primary Road System, 24.5 percent
for the Secondary Road System, 8 percent for farm-to-market county
roads, and 20 percent for city streets. Legislation that went into
effect in 2003, which involved the transfer of jurisdiction of some
roadways from the state to either a city or county government, requires
a share of the Primary Road System funds (1.75 percent) to be paid
to local governments.
For
state fiscal year 2006, receipts into the RUTF totaled an estimated
$1.101 billion. This represents $431.1 million in fuel taxes, $407.2
million in registration and other miscellaneous fees, $220.1 million
in use tax on the purchase of motor vehicles, $21.3 million from
underground storage tank fees, $11.4 million from drivers' licenses,
and $10 million in interest.
State
Tax on Motor Fuel - 2007 (cents per gallon/cpg)
|
Fuel
|
Tax |
Effective
Date |
Regular
gasoline |
21.0 |
The
last gasoline tax increase was effective 1/1/89. Minor adjustments
to the rate are made annually based on the percentage of ethanol-blended
fuel sold during the previous calendar year compared to total
gasoline sold. The last adjustment was effective 7/1/06 when
the rate increased from 20.7 cpg to 21.0 cpg, and will remain
at that rate until 6/30/07. |
Gasohol
(ethanol blend of 10 percent) |
19.0 |
1/1/89 |
Diesel |
22.5 |
1/1/89 |
Liquid
propane |
20.0 |
1/1/89 |
E85 |
17.0 |
1/1/06 |
e-alert
issued 1/10/07
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