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2007 SESSION

• | print version

SB 1366 Transportation funding; repeals motor fuels taxes and increases retail sales and use tax.

Introduced by: Martin E. Williams | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transportation funding.  Repeals Virginia's motor fuels taxes and increases the retail sales and use tax by an additional one percent, with the revenues from the increase deposited into the Transportation Trust Fund. The state and local retail sales and use tax would not apply to motor fuels, with the exception of the two percent sales and use tax on motor fuels in Northern Virginia. The new rate for the combined retail sales and use tax would be six percent. The bill would not affect the amount of the current fee imposed for the Virginia Petroleum Storage Tank Fund.

FULL TEXT

• 01/17/07  Senate: Presented and ordered printed 077467848  pdf | impact statement

HISTORY

• 01/17/07  Senate: Presented and ordered printed 077467848
• 01/17/07  Senate: Referred to Committee on Finance
• 02/07/07  Senate: Left in Finance