Virginia Senate Bill 733 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 12 2012 - 25% progression, died in committee
Action: 2013-02-06 - Left in Finance
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Fuels taxes; indexing of tax rates. Increases or decreases each year the rates of Virginia's fuels taxes using a fuel efficiency index. The bill defines the fuel efficiency index as the quotient that is obtained when using as the numerator the total annual vehicle miles traveled in the Commonwealth for the relevant year and using as the denominator the total gallons of motor fuel consumed for highway use in the Commonwealth for the relevant year, as published by the Federal Highway Administration of the U.S. Department of Transportation. The bill establishes 2007 as the base year for the fuel efficiency index. Thus, the percentage change in the fuel efficiency index between the current year and 2007, the base year, would determine the annual percentage increase or decrease in the rates of Virginia's fuels taxes. Each December the Commissioner of the Department of Motor Vehicles would compute the adjusted rates of fuels taxes. Currently, Virginia's fuels taxes are fixed at the rate of 17.5 cents ($0.175) per gallon for each gallon of gasoline, gasohol, and diesel fuel.

Virginia's fuels taxes; annually changing rate by using changes in fuel efficiencies of vehicles.

Sen. John Petersen [D]

Date	Chamber	Action
2013-02-06	Senate	Left in Finance
2012-12-12	Senate	Referred to Committee on Finance
2012-12-12	Senate	Prefiled and ordered printed; offered 01/09/13 13100541D

Chapter	Article	Section	Citation Type	Statute Text
58	1	2201	(n/a)	See Bill Text
58	1	2217	(n/a)	See Bill Text
58	1	2249	(n/a)	See Bill Text
58	1	2701	(n/a)	See Bill Text
58	1	2706	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?131+sum+SB733
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+SB733+hil