State Property Tax - Transportation Funding (Transportation Funding Act of 2025)

Requiring the Governor, after consultation with the Secretary of Transportation, to submit each year to the Board of Public Works and the General Assembly a proposal for a State property tax to support transportation projects and programs; requiring, on or before February 15 each year, the Board of Public Works to approve, reject, or modify the proposed State property tax; imposing a State property tax at the rates and on the classes and subclasses of property that the Board of Public Works approves; etc.