|
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 |
|
|
|
AAA Minnesota/Iowa serves AAA members in Iowa and Minnesota (except Hennepin County).
©2005 AAA Minnesota/Iowa, all rights reserved |
|