Motor fuels; reduces tax rate on gasoline and gasohol. (HB1410)

Introduced By

Del. Bob Marshall (R-Manassas) with support from co-patron Del. Mark Berg (R-Winchester)

Description

Motor fuels tax rate. Reduces the motor fuels tax on gasoline and gasohol from 5.1% to 3.5% of the statewide average wholesale price of a gallon of unleaded regular gasoline. The rate increased from 3.5% to 5.1% on January 1, 2015, as required by Chapter 766 of the Acts of Assembly of 2013, because Congress did not pass a law permitting the Commonwealth to require out-of-state sellers to collect and remit sales and use tax. Read the Bill »

Outcome

History