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2004 SESSION

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HB 1473 Motor fuels tax; increased, revenue deposited in highway construction districts.

Introduced by: Robert D. Hull | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Fuels Tax Act. Imposes an additional tax on each gallon of fuel currently taxed under the Virginia Fuels Tax Act at the rate of four percent of the statewide average retail price per gallon of gasoline, increases the motor carrier road tax by the same rate, and increases the alternative use fee for certain motor carriers from $100 to $150. The additional revenues generated shall be distributed among the nine highway construction districts to be used for new road construction within each district according to the following formula: 60 percent based on the percentage of the Commonwealth's total population residing within each district, and the remaining 40 percent based on the ratio of vehicle-miles traveled on the primary system in each district divided by the number of primary system lane miles in each district.

FULL TEXT

• 01/23/04  House: Presented & ordered printed 042582352  pdf | impact statement

HISTORY

• 01/23/04  House: Presented & ordered printed 042582352
• 01/23/04  House: Referred to Committee on Finance
• 01/27/04  House: Assigned to Finance sub-committee: 2
• 02/04/04  House: Passed by indefinitely in Finance (19-Y 3-N)