What to do about climbing state car tab fees is addressed in a recent article in The Lens, the online news source of the Business Institute of Washington.
The crux of the issue is whether there is support to trim Sound Transit excise taxes to raise funds to expand transit service or risk deep cuts in transit spending possible by I-976, which if approved by voters, would limit car tabs to $30. Motorists now are paying much more due to the ST3 motor vehicle excise tax that funds a $63 billion transit construction budget, according to the article.
Two bills in the Legislature, SB 5075 and SB 5042 would reduce the excise taxes by changing how the tax is calculated. Excise tax supporters say the region’s economic development prospects could be compromised if transit funds are reduced.
Click here to read the piece.