HB1354

House Bill 1354 amends Arkansas law to modify the distribution of revenue generated from additional registration fees for electric, hybrid, and plug-in hybrid vehicles. The bill classifies these registration fees as special highway revenues. By doing so, the revenue becomes subject to the Arkansas Highway Revenue Distribution Law. Consequently, the funds will be distributed among the State Highway and Transportation Department Fund, the County Aid Fund, and the Municipal Aid Fund according to established statutory formulas. The legislation ensures that these fees are integrated into the broader highway funding structure rather than being handled under separate provisions. The bill is set to take effect on July 1, 2024.