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2007 SESSION

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HB 2606 Motor fuels tax; rate increase.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motor fuel tax; rate increase.  Increases the tax on gasoline, diesel fuel, and alternative fuel by $0.10 per gallon; increases the motor carrier road tax by an equivalent of $0.10 per gallon of fuel used in the Commonwealth; and increases the alternative use fee for certain motor carriers from $100 to $150 (the fee is an alternative to paying the motor carrier road tax). All motor fuels taxes will be indexed every two years beginning July 1, 2008, by an amount equal to the percentage change in the U.S. Department of Labor's Producer Price Index for Highway and Street Construction. The revenue generated is used for transportation purposes as required by existing law.


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