Motor Vehicle Fuel Taxes And License Fees

MOTOR VEHICLE FUEL TAXES AND LICENSE FEES Initiative. Adds Article XXVI to Constitution. Requires same to be used for highway purposes and vehicle regulation. Permits use of portion thereof, under legislative authorization, for aiding assessment districts, formed before 1933 for highway purposes, and paying local bonds issued therefor. Requires fees and taxes be equal notwithstanding type of fuel or engine. Permits reenacting or continuing 1935 statute imposing vehicle license fee based on value, provided revenue, excluding collection costs and subventions to counties and municipalities, is first applied to obligations under State highway bonds outstanding when measure becomes effective