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2007 SESSION

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HB 2464 Motor fuels and road taxes; rates and refunds.

Introduced by: Daniel W. Marshall, III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motor fuels tax and road tax; rates and refunds.  Increases the motor fuels tax rate by $0.05 per gallon from $0.175 to $0.225 for gasoline and from $0.16 to $0.21 for diesel, effective January 1, 2008, and ending February 1, 2009.  Effective February 1, 2009, the rates increase an additional $0.05 to $0.275 and $0.26, respectively, if a constitutional amendment making the Transportation Trust Fund a permanent fund is approved by the voters during the 2008 general election. The road tax is maintained at the current additional three cents per gallon.  It also provides a $50 refund in 2008 through 2010 to households in which the total income is $25,000 or less annually.


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