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2019 SESSION

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SB 1470 Motor fuels; imposes an additional tax on sale of gasoline, etc.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Transportation revenues. Directs the Secretary of Transportation to evaluate the impact of increased fuel efficiency and increased use of hybrid and electric vehicles on transportation revenues, and to report to the General Assembly no later than December 10, 2019. The bill incorporates SB 1322.

SUMMARY AS INTRODUCED:

Additional motor fuels tax. Imposes an additional motor fuels tax equal to five percent of the average wholesale price of gasoline on the sale of gasoline, gasohol, diesel, and alternative fuels. $300 million of the new revenues would be reserved for improvements to Interstate 81, and the remainder would be distributed pursuant to existing allocation formulas for statewide transportation needs.