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2006 SPECIAL SESSION I

• | print version

HB 5059 Transportation; additional statewide funding dedicated thereto.

Introduced by: Mark D. Sickles | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transportation; additional statewide funding.  Provides additional funding for transportation purposes statewide by: (i) imposing an additional fee for each conviction as shown on the driving record of certain motor vehicle law offenders; (ii) dedicating to the Transportation Trust Fund 75% of any annual general fund surplus revenues remaining after any required deposits to the Revenue Stabilization Fund and to the Virginia Water Quality Improvement Fund; (iii) by returning to localities an amount equivalent to 10 cents on every $100 of the consideration for each deed or other instrument for which a state recordation tax is imposed to the locality in which it was generated; (iv) increasing the tax rate on diesel fuel from $0.16 to $0.175 (the same as imposed on gasoline), and indexing the tax rates of gasoline and diesel fuel to inflation.

FULL TEXT

• 09/15/06  House: Presented and ordered printed 061869510  pdf | impact statement

HISTORY

• 09/15/06  House: Presented and ordered printed 061869510
• 09/15/06  House: Referred to Committee on Finance
• 09/26/06  House: Referred from Finance by voice vote
• 09/26/06  House: Referred to Committee for Courts of Justice
• 09/28/06  House: Left in Courts of Justice