Thursday, August 21, 2008
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Tracking Virginia’s General Assembly
since 2007.

Search 2008 Bills:

SB1366: Transportation funding; repeals motor fuels taxes and increases retail sales and use tax.

Chief Patron

Sen. Martin Williams (R-1)

Martin Williams (R-1)
Served: 1996–

Progress

Yes Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Status

Bill is Dead

View Entire History

Summary

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.

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Bill Text