Sound Transit to seek car-tab changes with more urgency

OLYMPIA — Sound Transit leaders plan to press state lawmakers in 2020 to change the law on how car tabs are calculated.

Acknowledging the frustration of voters expressed through Initiative 976, the board of directors of the regional transit authority agreed last week to ask legislators to ditch a two-decade-old depreciation schedule in favor of one that would base annual assessments on the “true current value” of a vehicle.

“I believe it is absolutely critical that this board take clearer action and direction to work with the Legislature to resolve this,” said Pierce County Executive Bruce Dammeier, who pushed the other locally elected politicians to take a more activist position.

In previous years, board members voiced openness to rejiggering the motor vehicle excise tax formula if it didn’t impede the agency’s ability to carry out voter-approved expansion plans. The resolution passed last week conveys a greater urgency to get something done while still protecting the revenue stream.

https://www.heraldnet.com/news/sound-transit-to-seek-car-tab-changes-with-more-urgency/?utm_source=DAILY+HERALD&utm_campaign=42d98a1737-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-42d98a1737-228635337

I drive 2009 Toyota Tacoma. Interestingly I'd pay more if the formula was based on the Kelly Blue Book value.