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North Carolina Must Allocate Transportation <br />Dollars for Transportation Needs <br />It seems obvious, all funds collected from transportation-related taxes and fees should be allocated for <br />investment in North Carolina’s transportation infrastructure. <br />Taxes and fees collected for transportation-related purchases are currently allocated to the state’s general fund, <br />which can be used for anything. It is time to change that process. <br />According to the State Sales and Use Tax Statistics for Fiscal Year 2020-2021 report released by the N.C. Department <br />of Revenue, more than $500 million in state sales taxes on more than $11 billion in automotive-related purchases <br />(e.g., auto dealers, auto supply stores, service stations, tire retailers, etc.) went to the general fund during the <br />past fiscal year. This could have provided a significant and desperately needed investment in North Carolina’s <br />transportation needs. <br />North Carolina continues to face a transportation funding crisis and the business community is aligned to find <br />modernized, diversified revenue streams to keep our roads, railways, ports, and airports well-funded over the next <br />decade and beyond. <br />Allocating transportation tax dollars to transportation needs is a solution that can and should be <br />implemented now. <br />North Carolina must build the modernized funding model we need to keep growing good jobs for the people of North <br />Carolina and secure our state’s continued success. The Destination 2030 Coalition needs you to help us make it happen. <br />ncchamber.com <br />282.6 279.9 299.9 330.8 366.9 <br />432.8 435.2 463.5 470.1 <br />526.5 <br />0.0 <br />100.0 <br />200.0 <br />300.0 <br />400.0 <br />500.0 <br />600.0 <br />2011-20122012-20132013-20142014-20152015-2016*2016-2017*2017-20182018-20192019-2020**2020-2021**State Sales and Use Tax: Automotive Group <br />Gross State Collections ($1,000,000s) <br />201 Motor vehicle dealers 202 Servic e st at ions <br />203 Garages 204 Motorcycle and bicycle dealers <br />205 Automotive supply stores 206 Other automotive businesses <br />207 Oil and petroleum products dealers 208 Tire dealers, recappers and repairers <br />209 Manufactured home (mobile home) dealers <br />Data from: www.ncdor.gov/news/reports-and-statistics/state-sales-and-use-tax-reports-fiscal-year <br />87