HB6048: Transportation Trust Fund; dedication of existing retail sales and use tax revenues thereto.

Chief Patron

Jeff Frederick (R-52)
Woodbridge, VA
Served: 2004–

Status

10/12/2008: In Rules Committee

Summary

Transportation funding; dedication of existing retail sales and use tax revenues to the Transportation Trust Fund. Makes a dedication to the Transportation Trust Fund from revenues generated by the existing retail sales and use tax. The revenues generated by a one-half percent retail sales and use tax that are deposited into the general fund under current law would instead be dedicated to the Transportation Trust Fund. The bill would not increase revenues, but would dedicate additional current revenues to the Transportation Trust Fund.

The bill would become effective July 1, 2010.

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