Revenues of the Commonwealth; transportation funding. (SB6015)

Introduced By

Sen. John Edwards (D-Roanoke) with support from co-patrons Sen. Henry Marsh (D-Richmond), Sen. Chap Petersen (D-Fairfax), and Sen. Phil Puckett (D-Tazewell)

Progress

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

Description

Revenues of the Commonwealth; transportation funding. Creates additional sources of revenue for transportation by increasing the motor vehicle sales and use tax by one-half percent, the motor vehicle rental tax by one percent, and by imposing a five percent tax on the wholesale price of gasoline. The new revenue sources will be directed to the Rail Enhancement Fund, the Transportation Trust Fund, the Highway Maintenance and Operating Fund for transportation projects and needs of the Commonwealth, and certain priority transportation projects, as designated by the Commonwealth Transportation Board, in Northern Virginia and Hampton Roads. The bill would also eliminate the one-half percent sales tax on food currently going to the Transportation Trust Fund, and would raise the allowed credit for low-income tax payers. Read the Bill »

Status

06/23/2008: Awaiting a Vote in the Finance and Appropriations Committee

History

DateAction
06/23/2008Presented and ordered printed 082982228
06/23/2008Referred to Committee on Transportation