Transportation; funding and administration. (HB1472)

Introduced By

Del. Vivian Watts (D-Annandale) with support from co-patron Del. Jim Scott (D-Merrifield)

Progress

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

Description

Transportation funding and administration. Provides additional funding for transportation by (i) imposing a motor fuels sales tax rate of five percent for highway maintenance; (ii) increasing the state sales tax in Northern Virginia by 0.5 percent for transportation projects in Northern Virginia; and (iii) adding an additional recordation tax in Northern Virginia at a rate of $0.40 per $100 valuation. The bill also reduces the sales and use tax rate on food for human consumption from 1.5 percent to one percent, and repeals the authority for certain localities to impose a local income tax. The bill removes the sunset date (June 30, 2018) from the legislation that reduced the special real property tax rate on commercial property in Northern Virginia from $0.25 per $100 of assessed value to $0.125 per $100 of assessed value. Finally, the bill increases the special real property tax rate on commercial property in localities in Hampton Roads from $0.10 per $100 of assessed value to $0.125 per $100 of assessed value. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/31/2012Committee
12/31/2012Prefiled and ordered printed; offered 01/09/13 13102207D
12/31/2012Referred to Committee on Finance
01/23/2013Impact statement from DPB (HB1472)
01/23/2013Tabled in Finance