Motor fuels tax; converts rates of taxation from cents per gallon to percentage rates. (HB1153)

Introduced By

Del. Jim Scott (D-Merrifield)

Description

Motor fuels tax.  Converts the rates of taxation on motor fuels from cents per gallon to percentage rates. The percentage rates shall be calculated by the Commissioner of the Department of Motor Vehicles in an amount that will most closely yield the amount of cents per gallon being charged on the applicable motor fuel prior to the effective date of the bill. Thereafter, the percentage rates would not change, but would be applied against the average price per gallon of the fuel, less federal and state taxes, as determined by the Commissioner of the Department of Motor Vehicles over rolling six-month periods, to determine the cents to be charged.   View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.