Motor fuels and road taxes; rates and refunds. (HB2464)

Introduced By

Del. Danny Marshall (R-Danville)

Progress

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

Description

Motor fuels tax and road tax; rates and refunds. Increases the motor fuels tax rate by $0.05 per gallon from $0.175 to $0.225 for gasoline and from $0.16 to $0.21 for diesel, effective January 1, 2008, and ending February 1, 2009. Effective February 1, 2009, the rates increase an additional $0.05 to $0.275 and $0.26, respectively, if a constitutional amendment making the Transportation Trust Fund a permanent fund is approved by the voters during the 2008 general election. The road tax is maintained at the current additional three cents per gallon. It also provides a $50 refund in 2008 through 2010 to households in which the total income is $25,000 or less annually. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2007Committee
01/09/2007Prefiled and ordered printed; offered 01/10/07 077122392
01/09/2007Referred to Committee on Finance
01/18/2007Assigned Finance sub: #1 (Orrock)
01/28/2007Impact statement from DPB (HB2464)