Retail Sales and Use Tax; eliminates exemption for certain fuels. (SB2)
Introduced By
Sen. Toddy Puller (D-Mount Vernon)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Retail sales and use tax on fuels. Extends the retail sales and use tax to fuels sales. The revenue generated by the four percent state retail sales tax on fuels would be deposited into the Transportation Trust Fund. The revenue generated by the one percent local retail sales tax on fuels would be used by the respective county or city solely for transportation purposes. Amends § 58.1-1719 (“Rules and regulations.”), § 58.1-1720 (“Tax on fuel sold in certain transportation districts.”), § 58.1-1724.2 (“Rules and regulations; bracket system.”), § 58.1-1724.3 (“”), § 58.1-2261 (“Refund procedure; investigations.”), § 58.1-609.1 (“Governmental and commodities exemptions.”), § 58.1-609.10 (“Miscellaneous exemptions.”), § 58.1-638 (“Disposition of state sales and use tax revenue; localities\u2019 share; Game Protection Fund.”), of the Code of Virginia. View Full Text »
