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 »

Outcome

Bill Has Failed
View Bill's History