Fund to cut and buy back highway tolls

Automatic summary, not yet reviewed

1. The bill would create a fund to limit the social costs of toll highways, with programs to even out tolls, selectively buy back sections, and subsidize frequent users.
2. The fund would be fed by taxes paid by toll highway concession companies (corporate tax and VAT), by donations from state and regional budgets, and by resources from the concession companies themselves.
3. The fund would be run through regional funds in the areas with tolls, and state money would be shared among regions in proportion to the tolls collected in each territory.
4. Regions under the common regime must create their own fund before December 31 of the year the law takes effect, and within six months each regional government must decide which tolls are removed, which are reduced, and on what schedule.

Who it affects

• Frequent toll highway users: Could benefit from toll reductions or subsidies.
• Toll highway concession companies: Part of their taxes (corporate tax and VAT) would go to the fund.
• Regions with toll highways: Must create their own funds and run the money in proportion to toll collections.
• Regional governments: Have six months to decide which tolls are removed or reduced.

Words worth knowing

Concesionaria

A company the government grants the right to build and operate a toll highway for a period, in exchange for charging drivers.

Rescate selectivo

The government paying the concession company to take over the operation of only some highway sections.

Comunidades de régimen común

Spanish regions that do not have a special financing system, such as the economic agreement of the Basque Country or Navarre.

Impuesto de sociedades

Corporate tax, paid by companies on their profits.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries