TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: Monthly Legislative Report
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider receiving the Monthly Legislative Report.
Staff Contact:
Beverly Greene, Executive Director of External Affairs, Marketing & Communications
Body
STRATEGIC IMPORTANCE:
Goal - Strong Public and Policymaker Support
Initiative - Financial Efficiency and Revenue Maximization
The Monthly Legislative Report helps the District track state, regional and federal legislation to ensure alignment with the District's Strategic Plan and the specific goal of having strong public and policy maker support. Policy decisions at all levels of government can positively or negatively affect District operations and revenues and as such, are important to track and influence as needed.
BUDGETARY/FISCAL IMPACT:
There is no budgetary or fiscal impact associated with this report.
BACKGROUND/RATIONALE:
Federal Update
President Joe Biden signed the Inflation Reduction Act (IRA) of 2022 into law on August 8, which includes numerous provisions that will benefit public transportation. The Act:
* Extends through 2032 and substantially restructures the alternative fuel vehicle property credit;
* Establishes a new, 10-year commercial clean vehicle tax credit, which includes a credit of up to $40,000 on the purchase of zero emissions buses; and
* Extends through 2024 the excise tax credits for alternative fuels, biodiesel, and renewable diesel.
The IRA also includes several new grant programs that address air pollution and greenhouse gas emissions. The two below may be of particular interest to the District:
* The Clean Heavy-Duty Vehicles Program, funded at $1 billion, covers the incremental cost of zero-emission school buses, garbage trucks, and transit buses with a specific focus on vehicles serving communities located in areas designated as nonattainment for air pollution.
* Neighborho...
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