Charges for maintaining investment accounts may include annual fees to allow the institution to cover expenses even if very few commission-generating activities, such as stock trades or fund transfers, take place on that account.
Caltrans Launches Pilot Program to Study State Mileage Tax for Road Maintenance. A Caltrans pilot program is underway to study a mileage tax for California drivers instead of the current gas tax to pay for road maintenance. The gas tax drivers pay at the pump has been working well for decades.
In a pilot program, temporary regulatory relief from one or more FMCSR is given to a person or class of persons subject to the regulations or to a person or class of persons who intend to engage in an activity that would be subject to the regulations.