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2002 SESSION

• | print version

SB 458 Motor fuels; below-cost sales.

Introduced by: Charles R. Hawkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Motor fuels tax; below-cost sales; penalty. Prohibits a person who sells motor fuel at a retail outlet in Virginia from selling such fuel below cost unless the sale is (i) made in good faith to meet competition; (ii) an isolated and inadvertent sale; (iii) a bona fide clearance sale for the purpose of discontinuing trade in such motor fuel; (iv) a final business liquidation sale; (v) of the refiner's motor fuel by a fiduciary or other officer under the order or direction of any court; or (vi) made during a grand opening to introduce a new or remodeled business.

Any person found by the Commissioner of the Department of Motor Vehicles to be in violation shall be subject to a civil penalty of $5,000 for the first offense and $10,000 for each violation thereafter.

FULL TEXT

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/09/02 023836880  pdf
• 01/22/02  Senate: Committee substitute printed 025470508-S1  pdf | impact statement
• 01/24/02  Senate: Printed as engrossed 025470508-ES1  pdf | impact statement

AMENDMENTS

• Senate amendments

HISTORY

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/09/02 023836880
• 01/09/02  Senate: Referred to Committee on Finance
• 01/15/02  Senate: Pursuant to S.Rule 20(j),rereferred by Fin. (16-Y 0-N)
• 01/15/02  Senate: Rereferred to Commerce and Labor
• 01/21/02  Senate: Reported from C. & L. with substitute (8-Y 5-N 1-A)
• 01/22/02  Senate: Committee substitute printed 025470508-S1
• 01/23/02  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/23/02  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/24/02  Senate: Read second time
• 01/24/02  Senate: Reading of substitute waived
• 01/24/02  Senate: Committee substitute agreed to 025470508-S1
• 01/24/02  Senate: Engrossed by Senate - committee substitute 025470508-S1
• 01/24/02  Senate: Reading of amendments waived
• 01/24/02  Senate: Amendments by Sen. Norment agreed to
• 01/24/02  Senate: Engrossed by Senate - committee sub w/amdts. 025470508-ES1
• 01/24/02  Senate: Printed as engrossed 025470508-ES1
• 01/24/02  Senate: Constitutional reading dispensed (36-Y 0-N 2-A)
• 01/24/02  Senate: VOTE: CONST. RDG. DISPENSED (36-Y 0-N 2-A)
• 01/24/02  Senate: Passed Senate (23-Y 12-N 2-A)
• 01/24/02  Senate: VOTE: PASSAGE (23-Y 12-N 2-A)
• 01/24/02  Senate: Rec. of passage agreed to by Senate (37-Y 0-N 1-A)
• 01/24/02  Senate: VOTE: RECONSIDER (37-Y 0-N 1-A)
• 01/24/02  Senate: Passed Senate (22-Y 13-N 2-A)
• 01/24/02  Senate: VOTE: PASSAGE (22-Y 13-N 2-A)
• 01/24/02  Senate: Communicated to House
• 02/04/02  House: Placed on Calendar
• 02/04/02  House: Read first time
• 02/04/02  House: Referred to Committee on Commerce and Labor
• 02/19/02  House: Passed by indefinitely in C. & L. (12-Y 9-N)