Friday, May 16, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB41: Motor fuels tax; modifies rates of taxation thereof.
Chief Patron
Del.
Jim Scott (D-53)
Jim Scott
(D-53)
Merrifield, VA
Served: 1992–
Progress
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Introduced |
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Passed Committee |
 |
Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
02/12/2008: Failed to Pass in Committee
Summary
Motor fuels tax. Modifies the rates of taxation on motor fuels to be the greater of (i) the current specific cents-per-gallon rates or (ii) percentage rates, 7.7 percent for gasoline and gasohol, and 6.8 percent for diesel. The percentage rates would be applied against the average price per gallon of the fuel, less federal and state taxes, as determined by the Commissioner of the Division of Motor Vehicles over rolling six-month periods.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/23/2008, 01/23/2008 and 02/12/2008.
Photosynthesis
This bill is being tracked by Louis E., WVTF Public Radio, Scott W., The Commonwealth Institute, Baker_G, Michael P., VB Dems, M C. and Donald L.
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Comments
so does this mean motor fuel taxes would go up or down from the current rate?
Up. The current rate is 17.5 cents per gallon. The current untaxed price of gasoline is approximately $2.65 per gallon. 7.7% of that is around 20 cents.
(Not to be a jackass, but there's a link below the summary that says "View full text", you can click on to see what the bill is doing.)
Don't remember the source, but Virginians burn about 530 gallons of fuel per capita per year, so this bill raises taxes (at current prices) by $16 per person.
Also, the sale of motor vehicle fuel is free of the Virginia sales tax, so this would make motor vehicle fuel taxed only 3.2% above what everything else is taxed.
This tax would eliminate the funding need for those abusive driver penalties.
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