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FY 2003 Road Use Tax Fund (Iowa)

Revenues and Distributions (estimated)

 

 

 

REVENUES

 

 

Funding Source

Amount

Source of Funding

Allocation

Fuel Tax

$414,850,000.00

Taxes collected on gasoline, ethanol, and diesel fuels.

Constitutionally Bound

Registration and Title Fees

$369,960,000.00

Fees collected for the issuance of vehicle registration cards and plates, and certificates of title.

Constitutionally Bound

Net Motor Vehicle Sales Tax

$216,440,000.00

Net amount to RUTF

Statutory

Gross Motor Vehicle Sales Tax

$262,950,000.00

5% sales tax on vehicles.

Statutory

Other

$55,450,000.00

Includes Underground Storage Tank Fees, Driver's License Fees, Interest Collected on RUTF, Motor Carrier Fees, Car Rental Tax, Weight Fines, Etc.

Constitutionally Bound

Total FY 2003 Revenues

$1,056,700,000.00

  

  

 

 

  

  

Total Federal Contribution ------------------>

$365,390,000.00

 

  

 

DISTRIBUTIONS

  

  

How is the money spent?

  

MOTOR FUEL TAX

  

"Off-the-Top" Allocations: Used to fund various programs, equipment purchases, facility improvements, and Department of Transportation operations.

$131,450,000.00

Ethanol Based Fuels ------------------->

19 Cents/gal

Four Road Funds:

 

Regular Unleaded Gasoline ---------->

20.3 Cents/gal

47.5% to the Primary State Road Fund (State)

$439,490,000.00

Diesel Fuel -------------------------------->

22.4 Cents/gal

24.5% to the Secondary Road Fund (Counties)

$226,690,000.00

 

  

8.0% to the Farm-to-Market Road Fund (Counties)

$74,020,000.00

 

  

20.0% to the City Street Fund (Cities)

$185,050,000.00

 

  

 

 

 

  

Total FY 2003 Distributions

$1,056,700,000.00

 

  



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