Motor fuels tax rate; converts rate from cents per gallon to a percentage rate. (HB983)

Introduced By

Del. Jim Scott (D-Merrifield)

Progress

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

Description

Motor fuels tax rate.  Converts the rate of taxation on motor fuels from cents per gallon to a percentage rate. The bill provides that the Commissioner of the Department of Motor Vehicles shall calculate the percentage rate in an amount that will most closely yield the amount of cents per gallon being charged on the applicable motor fuel prior to the effective date of the bill. Thereafter, the percentage rates would not change, but would be applied against the average price per gallon of the fuel, less federal and state taxes, as determined by the Commissioner of the Department of Motor Vehicles over rolling six-month periods, to determine the cents to be charged. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2012Committee
01/11/2012Prefiled and ordered printed; offered 01/11/12 12100624D
01/11/2012Referred to Committee on Finance
01/20/2012Assigned Finance sub: #2
01/26/2012Impact statement from DPB (HB983)
02/01/2012Subcommittee recommends laying on the table
02/14/2012Left in Finance