Motor fuels tax rate; adjusted by motor fuel price index. (HB1654)

Introduced By

Del. Bob Purkey (R-Virginia Beach)

Progress

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

Description

Motor fuels tax rate; adjusted by motor fuel price index.  Provides that beginning April 1, 2012, the rate of tax on motor fuel shall be increased or decreased annually by the percentage increase or decrease in the retail price of motor fuel. The bill does not become effective unless approved by the voters at the election to be held November 8, 2011. The bill has a sunset date of December 1, 2016. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2011Committee
01/10/2011Prefiled and ordered printed; offered 01/12/11 11101720D
01/10/2011Referred to Committee on Finance
01/17/2011Assigned Finance sub: #1
01/28/2011Impact statement from DPB (HB1654)
01/31/2011Subcommittee recommends laying on the table
02/08/2011Left in Finance

Comments

Bubberella writes:

This seems like a reasonable change as vehicles have become more fuel efficient, the proceeds for transportation have declined as more and more vehicles take to the road.