Publications tax; created, revenue to be deposited in Water Quality Improvement Fund. (HB2225)
Introduced By
Del. Leo Wardrup (R-Virginia Beach)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Publications tax; Virginia Water Quality Improvement Fund. Creates a tax to be imposed on newspapers, magazines, newsletters, or other publications at the rate of $0.01 on every such publication delivered and sold in the Commonwealth. The revenue generated shall be deposited into the Virginia Water Quality Improvement Fund. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/09/2007 | Committee |
| 01/09/2007 | Prefiled and ordered printed; offered 01/10/07 078828536 |
| 01/09/2007 | Referred to Committee on Finance |
| 01/18/2007 | Assigned Finance sub: #1 (Orrock) |
| 01/19/2007 | Impact statement from TAX (HB2225) |
| 01/30/2007 | Impact statement from TAX (HB2225) |
Comments
While I agree with the intent of this bill, funding the Water Quality Improvement Fund, particularly with dedicated revenues; the choice of a taxing newspapers, periodicals etc. seems odd.
I also wonder how sustainable this would be from a long term financial planning perspective, as more and more people obtain news through non-traditional means. This would be critical if the revenue generated was used to pay the debt service on bonds over 20 years (which I believe has been discussed among some as a method to clean up the state's waters).
In political terms, there's little more reckless than introducing a tax on newspapers. The editorial writers aren't fond of it. :)