Motor fuels tax; modifies rates of taxation thereof. (HB41)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Motor fuels tax. Modifies the rates of taxation on motor fuels to be the greater of (i) the current specific cents-per-gallon rates or (ii) percentage rates, 7.7 percent for gasoline and gasohol, and 6.8 percent for diesel. The percentage rates would be applied against the average price per gallon of the fuel, less federal and state taxes, as determined by the Commissioner of the Division of Motor Vehicles over rolling six-month periods. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/05/2007 | Committee |
12/05/2007 | Prefiled and ordered printed; offered 01/09/08 082508720 |
12/05/2007 | Referred to Committee on Finance |
01/15/2008 | Assigned Finance sub: 2 |
01/23/2008 | Impact statement from DPB (HB41) |
02/12/2008 | Left in Finance |
Comments
so does this mean motor fuel taxes would go up or down from the current rate?
Up. The current rate is 17.5 cents per gallon. The current untaxed price of gasoline is approximately $2.65 per gallon. 7.7% of that is around 20 cents.
(Not to be a jackass, but there's a link below the summary that says "View full text", you can click on to see what the bill is doing.)
Don't remember the source, but Virginians burn about 530 gallons of fuel per capita per year, so this bill raises taxes (at current prices) by $16 per person.
Also, the sale of motor vehicle fuel is free of the Virginia sales tax, so this would make motor vehicle fuel taxed only 3.2% above what everything else is taxed.
This tax would eliminate the funding need for those abusive driver penalties.