Amends existing law to increase funding for state and local transportation through sales tax.

This legislation increases the sales tax distribution to transportation from 1% to 4.5%. It dedicates eighty million dollars ($80,000,000) of those funds annually to the Idaho Transportation Department (“ITD”) for large infrastructure projects on the state highway system. The excess of eighty million dollars ($80,000,000), if any, is dedicated to local units of government for roads and bridges as sales tax revenues increase. This legislation also partially addresses the long term transportation needs on the state and local transportation systems. The ITD amount allows for approximately one billion six hundred million dollars ($1,600,000,000) in bonding capacity over a twenty-year period. With respect to the local amounts, as the Idaho economy grows, the need for additional infrastructure investment on the local system will continue to grow with it.