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2006 SESSION
SB 64 Retail Sales and Use Tax; sales tax increase on motor fuels in NOVA Transportation District.
Introduced by: Mary Margaret Whipple | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Sales tax on motor fuels. Increases from 2% to 4% the sales tax on fuels in every county or city situated in the Northern Virginia Transportation District. In the first full fiscal year of the tax increase such counties and cities would be required to reduce their real estate tax rates in order to reduce real estate tax revenues in the following fiscal year by the amount of incremental revenues generated by the sales tax increase. The reduction in real estate tax rates would be required only in the first fiscal year of the sales tax increase.
FULL TEXT
HISTORY
- 01/05/06 Senate: Prefiled and ordered printed; offered 01/11/06 060839844
- 01/05/06 Senate: Referred to Committee on Finance
- 02/14/06 Senate: Left in Finance (15-Y 0-N)