FUEL REVENUE INDEXING // NRS 373 / FTI | AUTOMATIC INFLATION
DIRECT STATUTORY SUMMARY: One of the greatest con jobs pulled on Nevada drivers. The Regional Transportation Commission (RTC) tied the gas tax to the Producer Price Index, creating an automatic, perpetual tax increase that inflates the cost of fuel without requiring politicians to vote on a hike. By FY2021, over $181M was extracted for the RTC alone.
ARCHITECTS & COLLECTORS OF PLUNDER
TIMELINE & APPROVAL
WHEN ENACTED: 2013/2014 (AB 413 / FTI) and 2016/2017 (FTI-2 Extension)
ENTITIES APPROVING / BENEFITING:
- RTC (Regional Transportation Commission)
- Construction Unions
- Road Contractors
ENTITIES PAYING / OPPOSING:
- Everyday Commuters
- Working Class Drivers