Motor vehicle insurance license tax; revenue dedicated to mass transit. (HB1613)

Introduced By

Sen. Adam Ebbin (D-Alexandria)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Insurance license tax revenue; dedication to mass transit. Dedicates an amount equal to the difference between one-third of the estimated revenue to be collected for all insurance license tax for each fiscal year and the estimated revenue from the motor vehicle insurance license tax; and increases the motor vehicle insurance license tax from two and one-fourth percent to four and one-half percent. Amends § 33.1-23.03:1, § 33.1-23.03:8, § 58.1-2501, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/27/2006Introduced at the request of Governor
01/27/2006Presented and ordered printed 065186129
01/27/2006Referred to Committee on Finance
02/03/2006Fiscal impact statement from TAX (HB1613)
02/06/2006Passed by indefinitely in Finance (14-Y 8-N)

Duplicate Bills

The following bills are identical to this one: SB725.