Gasoline and diesel fuel; lowers the rate of tax on July 1, 2022. (SB541)

Introduced By

Sen. Mark Peake (R-Lynchburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Rate of tax on gasoline and diesel fuel. Lowers the rate of tax on gasoline and diesel fuel on July 1, 2022, from 26.2 cents per gallon to 21.2 cents per gallon on gasoline and from 27 cents per gallon to 20.2 cents per gallon on diesel fuel, the rates that were in effect before July 1, 2021. The bill provides that the rate of tax on gasoline and diesel fuel will return to 26.2 and 27 cents per gallon, respectively, on July 1, 2023, and will be indexed based on the change in the United States Average Consumer Price Index; thereafter, the rate will be indexed annually. Read the Bill »


Bill Has Failed


01/12/2022Prefiled and ordered printed; offered 01/12/22 22101054D
01/12/2022Referred to Committee on Finance and Appropriations
02/02/2022Impact statement from DPB (SB541)
02/07/2022Impact statement from DPB (SB541)
02/10/2022Passed by indefinitely in Finance and Appropriations (12-Y 4-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB1144.