Introduced by Sen. Roger Kahn (R) on July 16, 2014 To not earmark $12 million in annual road tax money to the state “Transportation Economic Development Fund” in fiscal year 2013-2014, and instead use it for regular road building and repair projects. TEDF money is essentially a form of corporate subsidy in which the state pays for transportation infrastructure projects related to a particular investor’s or developer’s new plant or project. Official Text and Analysis.
Referred to the Senate Appropriations Committee on July 16, 2014
Passed 37 to 1 in the Senate on September 24, 2014. See Who Voted "Yes" and Who Voted "No".(same description) To not earmark $12 million in annual road tax money to the state “Transportation Economic Development Fund” in fiscal year 2013-2014, and instead use it for regular road building and repair projects. TEDF money is essentially a form of corporate subsidy in which the state pays for transportation infrastructure projects related to a particular investor’s or developer’s new plant or project.
Received in the House on September 24, 2014
Referred to the House Appropriations Committee on September 24, 2014
Reported in the House on October 2, 2014 Without amendment and with the recommendation that the bill pass.
Passed 107 to 2 in the House on October 2, 2014. See Who Voted "Yes" and Who Voted "No".(same description) To not earmark $12 million in annual road tax money to the state “Transportation Economic Development Fund” in fiscal year 2013-2014, and instead use it for regular road building and repair projects. TEDF money is essentially a form of corporate subsidy in which the state pays for transportation infrastructure projects related to a particular investor’s or developer’s new plant or project.