Transportation Trust Fund; increases amount of sales and use tax revenue dedicated to Fund. (HB23)
Introduced By
Del. Mark Cole (R-Fredericksburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Sales and use tax revenue dedicated to the Transportation Trust Fund. Increases the amount of sales and use tax revenue dedicated to the Transportation Trust Fund from an amount generated by a 0.5 percent tax rate under current law to an amount generated by a one percent tax rate, phased in by a 0.1 percent increase each year for five years, or over a longer period of time if there is a lack of growth in general fund revenues. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 12/07/2011 | Committee |
| 12/07/2011 | Prefiled and ordered printed; offered 01/11/12 12100457D |
| 12/07/2011 | Referred to Committee on Finance |
| 01/12/2012 | Assigned Finance sub: Subcommittee #1 |
| 01/30/2012 | Referred from Finance |
| 01/30/2012 | Referred to Committee on Appropriations |
| 01/31/2012 | Assigned App. sub: Transportation |
| 02/03/2012 | Impact statement from DPB (HB23) |
| 02/06/2012 | Subcommittee recommends laying on the table |
| 02/20/2012 | Left in Appropriations |
Map
This bill mentions Chesapeake Bay Bridge, Richmond, University of Virginia, Charlottesville, Alexandria, Falls Church, Arlington.